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Block of flats for sale in Rhymney Street, Cathays, Cardiff

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Property features

Investment
£32,700 annual income
3 X 2 bed apartments
Detached bungalow
Off-street parking

Property description

A fantastic opportunity to acquire an excellent investment in the heart of Cathays. The property consists of three two bedroom apartments and a detached bungalow with off-street parking. All four properties are let until June 2019 and achieve an annual rent of £32,700 on a 6.54% yield.

Current rentals:
Bungalow - £575 pcm £6,900 per annum
Apartments
Ground floor - £700 pcm £8,400 per annum
First floor - £720 pcm £8,640 per annum
Top floor - £730 pcm £8,760
The apartment accommodation comprises of entrance hallway, two double bedrooms, open-plan living kitchen and bathroom. The bungalow consists of entrance hallway, double bedroom, open-plan living with kitchen and bathroom.

Property info

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Keylet Sales & Lettings, and do not constitute property particulars. Please contact Keylet Sales & Lettings for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.