Block of flats for sale in The College Tavern, North Road, Maindy, Cardiff CF14

£1,400,000
Block of flats for sale
Interested in this property? Call +44 29 2227 8900 * or Request Details

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Property features

  • 7 X first floor maisonettes
  • Commercial lease until June 2023
  • High quality finish throughout
  • Within close proximity to city centre
  • Currently achieving £83,400.00 exc VAT per annum
  • Modern commercial unit
  • Double glazed throughout

Property description

**no onward chain** James Douglas Sales and Lettings are delighted to market this exceptional investment opportunity situated in Maindy, Cardiff. With a ground floor commercial premises and seven first floor maisonette apartments, this property is a fantastic opportunity if you're looking to invest in the Capital of Wales.

The premises features a modern bar/pub with generous function space and seating areas. There's also the bar itself, along with a fully functioning kitchen, dining area, beer garden and cellar. The ground floor is decorated to a modern taste with double glazing throughout. The commercial part of the premises is currently leased until June 2023. The ground floor lease currently achieves £30,000 excluding vat, rising to £33,000 excluding vat per annum in 2021.

Commercial Rental Income Breakdown:

One part of the building benefits from a rental income of £24,461.54 per annum and the other part of the premises benefits from a rental income of £5,538.46 per annum.

This property also includes seven first-floor maisonettes, of which all are neutrally decorated, with generous living spaces and bedrooms, and all fitted with modern kitchens and bathrooms. The rental income of these seven residential properties amounts to £4,450 pcm.

The combined annual income for the building amounts to £83,400.00 exc vat.

The property's location is on North Road, Maindy which is situated within a short commute to the City Centre and Cardiff University.

Note: A selection of the photographs are taken of the Commercial premises and Maisonettes. Part of the building is subject to vat on the purchase price. Access rights to one of the flats in the block will have to be granted to the current leaseholder to any purchaser, as this property is currently on a separate lease agreement (not included in this listing).

Property info

Floorplan(s): Floorplan.Jpg

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James Douglas Sales and Lettings, CF24 on +44 29 2227 8900 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by James Douglas Sales and Lettings, and do not constitute property particulars. Please contact James Douglas Sales and 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.

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