Property for sale in Richards Street, Cathays, Cardiff CF24

£480,000
Property for sale - 7 bedrooms 7
Interested in this property? Call +44 29 2227 9021 * or Request Details

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Property features

  • Prime location for student tenants
  • One One Bedroom apartment
  • Apartment Block Investment Opportunity
  • Freehold
  • Block of Four Self-Contained Apartments
  • Newly converted property
  • Three Two Bedroom Apartments

Property description

Freehold Block of four self-contained apartments! Investors Dream! No Chain! Total of 7 bedrooms! Fixtures & Furnishings included!

Three Two Bedroom Apartments and One One Bedroom Apartment
Fully rented the property has scope to achieve a total of 38700 (including internet for all properties)
True rents minus the broadband package would be 37500 (Approximately 100 per month)
Yield: 7.8%
The block includes a 50:50 split of students and professionals.

Sales & Lettings Angels are delighted to offer this investment property to the market! The property is sold freehold tenure and comprises of four self-contained apartments. This property would make an easy addition to an existing portfolio and currently has three tenancies in place. Due to the location, situated in the popular area of Cathays this property would appeal to both students and professional tenants. On the Ground Floor of the building you have Flat 1 (One Bedroom apartment) at the front of the property and Flat 2 (Two bedroom garden apartment) to the rear). On the First Floor you have Flat 3 (Two Bedroom Apartment) at the rear of the property and the entrance to Flat 4 (Two Bedroom Apartment) which is a duplex apartment leading up to the attic level with one bedroom including a shower-room. The apartments share a communal entrance, leading to all apartments on the ground floor and via the stairs leading to the upper floor apartments. The entrance hallway is also where the utility meters can be found. The apartments currently rented as follows:

Flat 1 (1 Bed): 700 per calendar month including Internet- Tenancy ending December 2021

Flat 2 (2 Bed- with garden access): 850 per calendar month including Internet- Tenancy ending June 2021

Flat 3(2 Bed): 800 per calendar month including Internet- Tenancy ending June 2021

Flat 4(2 Bed): 900 per calendar month including Internet- Tenancy ending June 2021

The property has been converted under the following planning application - conversion of property in to 4 self contained flats with single storey & first
floor rear extension with loft conversion including rear dormer. The final inspection was carried out on 28/08/2020

Richards Street is an ideal location for students and professionals due to the close proximity to the city centre and close to Cardiff University's main University Campus, Student Union and Heath Park Campus. Inverness place is very close to Albany Road and City Road which contain a range of useful amenities such as local supermarkets (e.g. Tesco Metro, Iceland, Sainsburys Local), bars and eateries (e.g The Pear Tree, Coffee#1, Costa Coffee, The Claude and many more).

The property is very well connected to many transport links, with main roads just a short distance away. Should you require access to a train station then Cathays Station is just a 10 minute walk, meaning that students can easily get home to visit friends and family. For distance to University buildings see below:

The building includes lines for both BT and Virgin connections.

Cardiff University - 13 minute walk, 4 minute cycle

usw Atrium - 21 minute walk, 7 minute cycle

Cardiff Met Llandaff - 37 minute walk, 12 minute cycle **met rider route nearby

Cardiff Met Cyncoed - 35 minute walk, 11 minute cycle ** met rider route nearby

University Hospital of Wales - 28 minute walk, 8 minute cycle

Please contact us for further details such as Electrical Installation Condition Reports, Gas Safety Certificates, Sprinkler Compliance Certificates etc.

Flat 1 - Kitchen - 3.50m ( 11'6'') x 3.50m ( 11'6''):
Green Splashback tiling, Electric Hob, Indesit Oven, Wall mounted extractor hood, mixture of overhead and base units. Bosch Washing machine and freestanding Bosch fridge/freezer. Bay Window to front with dining and living space (Approximate measurements into bay window).

Bathroom - 2.10m ( 6'11'') x 1.40m ( 4'8''):
Slate effect tiled flooring, back-to-wall bath with overhead shower, pedestal hand basin with mixer tap and toilet. Cream wall tiling and heated towel rail.

Bedroom - 3.00m ( 9'11'') x 2.70m ( 8'11''):
Laminate Flooring with door leading large window to rear, accommodates double bed and space for storage drawer units and wardrobe. Spotlight lighting.

Flat 2 - Kitchen - 4.55m ( 15'0'') x 5.20m ( 17'1''):
Green Splashback tiling, Gas Hob, Lamona Oven, Bosch Dishwasher, Wall mounted extractor hood, mixture of overhead and base units. Zanussi Washing machine and freestanding Bosch fridge/freezer. Dining and living space.

Bedroom - 3.55m ( 11'8'') x 2.60m ( 8'7''):
Laminate Flooring with door leading window to rear, accommodates double bed and space for storage desk unit and wardrobe. Spotlight lighting

Bathroom - 1.75m ( 5'9'') x 1.75m ( 5'9''):
Slate effect tiled flooring, back-to-wall bath with overhead shower, pedestal hand basin with separate taps and toilet. Cream wall tiling and heated towel rail.

Rear Bedroom - 2.45m ( 8'1'') x 3.60m ( 11'10''):
Laminate Flooring with door leading to rear garden, accommodates double bed and space for storage drawers and wardrobe. Spotlight lighting.

Garden:
Paved garden with wall boundary

Flat 3 - Kitchen - 4.30m ( 14'2'') x 4.50m ( 14'10''):
Green Splashback tiling, Gas Lamona Hob, Oven, Wall mounted extractor hood, mixture of overhead and base units. Bosch Washing machine and freestanding Bosch fridge/freezer. Dining and living space. (Approximate measurements into corners)

Rear Bedroom - 2.90m ( 9'7'') x 2.80m ( 9'3''):
Laminate Flooring with door leading window to rear, accommodates double bed and space for storage desk unit and wardrobe. Window to rear and spotlight lighting.

Bathroom - 2.30m ( 7'7'') x 1.50m ( 5'0''):
Slate effect tiled flooring, back-to-wall bath with overhead shower, pedestal hand basin with mixer tap and toilet. Cream wall tiling and heated towel rail.

Front bedroom - 2.80m ( 9'3'') x 2.80m ( 9'3''):
Laminate Flooring with door leading window to rear, accommodates double bed and space for storage desk unit and wardrobe. Window facing rear and spotlight lighting.

Flat 4 - Kitchen - 4.65m ( 15'4'') x 3.30m ( 10'10''):
Green Splashback tiling, Gas Lamona Hob, Oven, Wall mounted extractor hood, mixture of overhead and base units. Statesman washing machine and freestanding Bosch fridge/freezer. Window to front with dining and living space. Laminate flooring and spotlight lighting.

Bathroom - 0.90m ( 3'0'') x 2.30m ( 7'7''):
Cream tiled flooring, shower, pedestal hand basin with separate taps and toilet. Cream wall tiling and heated towel rail.

Rear Bedroom - 2.90m ( 9'7'') x 2.50m ( 8'3''):
Laminate flooring, accommodates double bed and space for storage drawer unit and wardrobe. Window facing rear and spotlight lighting.

Ensuite - 1.70m ( 5'7'') x 0.95m ( 3'2''):
Cream tiled flooring, shower and pedestal hand basin with mixer tap. Cream wall tiling and heated towel rail.

Front bedroom - 4.60m ( 15'2'') x 3.25m ( 10'8''):
Laminate flooring, accommodates double bed and space for storage drawer unit and wardrobe. Velux window facing rear, eaves storage and spotlight lighting.

32 Richards Street Floorplans - Ground Floor View original

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Sales & Lettings Angels, CF24 on +44 29 2227 9021 * (local rate)

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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 Sales & Lettings Angels, and do not constitute property particulars. Please contact Sales & Lettings Angels 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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