Studio for sale

Richmond Court, Roath CF24

A fantastic opportunity to acquire this well-maintained modern studio apartment, ideally suited to investors seeking an attractive rental return. The property is currently let at £750 per calendar month until August 2027, offering an approximate gross yield of 9.5%, total floor space 28m2.

Situated on an upper floor, the apartment is well laid out and offers a defined bedroom area with fitted wardrobes, an open-plan lounge and kitchen, a modern shower room and additional storage. Externally, there is a car park to the rear providing ample parking.

Conveniently located within easy reach of Cardiff city centre, the property benefits from access to a wide range of shops, restaurants, local amenities and transport links, including the nearby train station.

An excellent opportunity to secure a ready-made investment with an established rental income.

We are advised by the vendor that provisions of electricity, water and sewerage are connected to a mains supply, and no materials used in construction may impact a buyer's enjoyment, mortgage availability, or insurance availability, and there are no issues or restrictions on mobile signal/coverage.

Please note: A non-refundable administration fee of £24 including VAT is payable per buyer to carry out the required aml verification checks once an offer has been accepted. The sale cannot proceed until these checks have been satisfactorily completed. This is on acceptance of offer only. Details can be found on our website.

Living Room/Kitchen Area

5.31m x 3.12m - 17'5” x 10'3”

Bedroom Area

2.41m x 2.09m - 7'11” x 6'10”

Tenure

We have been advised that the vendor will be looking to increase the term of the lease upon completion. Currently stands at 125 Years from 1983, Service charge is £1309.56 pa with zero ground rent.