Property description

SUMMARY
A very impressive investment opportunity to acquire 24 fully let apartments and six fully let houses.


DESCRIPTION
ATTENTION ALL INVESTORS A unique opportunity to acquire a fully let portfolio comprising of 24 apartments and six houses:-

GUILDHALL TAVERN CARDIFF
3 Apartments Income £1365 pcm

THE CUBE CANTON CARDIFF
9 Apartments Income £4775 pcm

EXCHANGE BUILDING LLANELLI
7 Apartments Income £2245 pcm

PUGH’S BUILDING LLANELLI
2 Apartments Income £700 pcm

PAGET HOUSE BARRY ISLAND
2 Apartments Income £875 pcm

ISLAND LOFTS BARRY ISLAND
1 Apartment Income £425 pcm

4 TOWN HOUSES IN PONTYPRIDD Income £2840 pcm

2 HOUSES IN ST ATHAN Income £1600 pcm

Guildhall Tavern Cardiff
The portfolio also comprises numbers 1,5 and 11 Guildhall Tavern, Guildhall Place, Cardiff. This is a three storey complex comprising a total of 12 individual studio and one bedroom apartments. The Guildhall Tavern occupies a corner position on Guildhall Place where it joins St Mary Street in Cardiff City Centre, Guildhall Tavern is a listed building which has previously been used as a high street bank and public house. The building has since been converted into a ground floor restaurant, with a total of 12 individual apartments to the upper floors. The current rental income these three flats are earning is £1365 pcm and a chartered surveyor has confirmed a total investment value for the three properties at a figure of £250,000.

The Cube Canton Cardiff
The Cube is situated in Cowbridge Road East Canton comprising a mix of nine one and two bedroom flats currently earning a combined income of £4,775 pcm. These apartments include numbers 3,4,8,15,17,23,24,26 and number 33. The Cube is located a short distance West of Cardiff City Centre, well placed for access to a wide range of retail operators including shops, restaurants and public houses. A number of apartments have Juliet Balconies and some to the rear have a sun terrace, decked areas. Written valuations have been completed on these nine apartments totally an investment value of £934,000. There are five purpose built one bedroom flats and four two bedroom flats.

The Exchange Building Llanelli
26 Market Street Llanelli. These include six one bedroom flats and one studio. The Exchange is a recently converted four storey Grade II listed building, which comprises retail and restaurant outlets to the ground floor and a total of 30 residential apartments to the upper floors.

Apartments 2,4,11,13,22, 24 and 26 form part of the portfolio. The income currently being received by these seven flats is £2245 pcm, and the seven apartments have been professionally valued by a chartered surveyor at a total figure of £520,000.

Pughs Building Llanelli
The portfolio for sale also comprises apartments 12 and 19 Pugh Building, 23 Cowell Street, Llanelli. The Pugh building occupies a prominent position within Cowell Street, close to its junction with Stepney Street within Llanelli Town centre. Pugh building is a mix of one bedroom and studio apartments to the upper floors within a recently converted residential complex which has been constructed over four floors above a public bar and restaurant accommodation. The building has been constructed from traditional solid masonry elevations surmounted under a typical flat roof construction and benefiting from PVC double glazed openings throughout including four large bay windows to the front elevation at first floor level. The current income for these two properties is £700 pcm, and the properties have been professionally valued by a chartered surveyor at a figure of £140,000.

Paget House Barry Island
This portfolio also comprises apartments 6 and 10 Paget House, 11 Paget Road, Barry Island, Barry, Vale of Glamorgan. The apartments are situated within a recently converted semi-detached building. The property overlooks Paget Road with far reaching sea views to the front over the Bristol Channel. Paget House occupies a prominent position within Paget Road in Barry Island on the edge of Barry Town Centre. Barry Island is predominently a tourist destination famed for its beach and pleasure park. The property is located approximately seven miles from Cardiff City Centre, and is accessed off Junction 33 of the M4 Motorway. This portfolio comprises two one bedroom apartments within a residential complex totally eleven individual flats to the upper floors above a restaurant. The total rental income for these two apartments is £825 pcm, and a professional written valuation for the combined investment value is £170,000.

Island Lofts Barry Island
The portfolio also comprises apartment 12, Island Lofts, 1 a Paget Road, Barry Island Barry, Vale of Glamorgan. This is a modern one bedroom second floor flat with mezzanine accommodation providing additional space. The property is one of 12 individual apartments situated within a recently converted building which fronts Paget Road, with far reaching sea views. Island lofts occupies a prominent position on Paget Road, where it joins Harbour Road adjacent to its junction with Friars Road within Barry Island, on the edge of Barry Island Town centre. The rental income for 12 Island Lofts is £425 pcm and has been professionally valued by a chartered surveyor at a figure of £85,000.

Houses In Pontypridd
The houses consist four town houses in Pontypridd valued at £150,000 each with rental figures of £720 pcm.

Houses In St Athan
Two houses in Higher End, Fairoak valued at £170,000 with a rental income of £750 pcm and Aderyn Cottage valued at £270,000 with a rental income of £850 pcm.


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

Marketed by pa black

Property Features :

• UNIQUE INVESTMENT OPPORTUNITY
• COMPLETE FULLY LET PORFOLIO
• 24 APARTMENTS
• SIX HOUSES
• CHANCE IN A LIFETIME OPPORTUNITY