Property for sale in Colum Road, Cathays, Cardiff CF10

Ref: 17213533

best & final offers by 9AM Friday 16th February - all offers must be substantiated before putting forward to vendor - proof of funds including deposit, id & address - please note we only accept bank statments not letters from banks & lenders

2 X 2-bedroom apartments - asking prcie £250,000 - prime location - renovation project - perfect addition to growing portfolio - both apartments vacant July 2024

**please note we are still awaiting confirmation of C4 planning use which would allow to convert into 3 - 6 bed HMO property**

Description

Sales & Lettings Angels are excited to bring on this great investment property that would be a perfect addition to a landlord's portfolio.

The property currently consists of two apartments one being on the ground floor and the other on the top floor. Both offer two bedrooms and a generous size living area along with kitchen and bathroom. The size of the property would allow for further development and offers a lot of potential for someone looking for a renovation project. The property is to be purchased as a whole as both apartments are not split on title deeds.

Please note that the property currently does not have C4 planning consent, we are in the process of having this confirmed by Cardiff Council. If you intended to change this property into a HMO property we would recommend applying for a pre planning application via Cardiff Council.

As it stands, only the top floor apartment is rented out and is currently achieving a rental income of £900 pcm, the tenancy is due end June 2024. The ground floor apartment is vacant and has been for a couple of years due to renovation work needed doing The rents are low for the area so the potential rental income of this property can be hugely increased with investment.

This property is situated on Colum road which is perfect location for a rental property as Cardiff university business school is situated on the same road as well as its close proximity to the city centre expanding your choice of tenants to professionals and students, so this can guarantee your property is let all year round.

**Offers over £250,000 will be put forward to the vendor, we will ask for all best and final offers by 9am Friday 16th February**

The property will be sold as a going concern and the furniture on the inventory will be included.

Flat B -
Gas Safety Certificate expires - 25/05/2024
eicr expires - 23/07/2025

EPC - C expires 28/11/2028

Local Distances

Distance to local Universities:

Cardiff Uni - 8 minute walk, 3 minute cycle
usw Atrium –24 minute walk, 8 minute cycle
Cardiff Met Llandaff - 29 minute cycle, 9 minute cycle *Met Rider Route near by
Cardiff Met Cyncoed – 41 minute walk, 12 minute cycle *Met Rider route near by
University Hospital of Wales - 32 minute walk, 9 minute cycle

Distance to local train stations:

Cardiff Central - 26 minute walk, 8 minute cycle
Queen Street - 19 minute walk, 6 minute cycle
Cathays - 7 minute walk, 3 minute cycle

Communal Entrance (3.71 length x 1.19 width (12'2" length x 3'10")

Entered via a wooden front door, stairs rising to first floor and doors to Flat 1 & 2. Cupboards housing electricity and gas meters.

Flat 1

Entrance Hall (4.02 length max length x1.74 max narrowing to 0.)

Doors leading to Bedroom 1, Bedroom 2 and Living room.

Bedroom 1 (4.43 max into bay lenght x 3.9 width into alcove ()

Bedroom 2 (4 max length x 3.1 to chimney breast (13'1" max l)

Living Room (4.4 length x 3.3 width (14'5" length x 10'9" widt)

Furniture Included

Kitchen (1.93 x 4.4 width (6'3" x 14'5" width ))

Fitted with a range of wall and base level units with complementary worksurface over, 4 ring electric hob, fan assisted oven, Stainless steel sink and drainer with mixed tap over, plumbing for washing machine, space for fridge freezer, wall mounted gas fire boiler.

Bathroom (3.36 width x 1.24 length (11'0" width x 4'0" leng)

Fitted with a 3 piece suite comprising of a low level W.C., pedestal wash hand basin, a panel bath with mixer taps over, and a wall mounted shower over.

Flat 2

Entrance Hall

Doors leading to all rooms of the property, Bedrooms 1 & 2, bathroom, kitchen, and living room

Bathroom

Fitted with a 3 piece suite comprising of a low level W.C., pedestal wash hand basin, a panel bath with mixer taps over, and a wall mounted shower over.

Kitchen (2.19 lenght x 2.39 width (7'2" lenght x 7'10" wid)

Fitted with a range of wall and base level units with complementary worksurface over, 4 ring electric hob, fan assisted oven, Stainless steel sink and drainer with mixed tap over, washing machine, fridge freezer, wall mounted gas fire boiler.

Bathroom (2.39 x 1.5 (7'10" x 4'11"))

Fitted with a 3 piece suite comprising of a low level W.C., pedestal wash hand basin, a panel bath with mixer taps over, and a wall mounted shower over.

Living Room (3.49 length into bay x 5.31 width (11'5" length i)

Bedoom 1 (4.00 length x 3.44 width (13'1" length x 11'3" wi)

Bedroom 2 (3.15 length max x 4.4 width (10'4" length max x 14)