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9 bed flat
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Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 7th July 2026 at 04:15 PM with registration through our website
- 2% with some potential for rental betterment in our opinion
- 2% with obvious potential for rental increases on some of the apartments listed below, particularly on a tenant changeover
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
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Description
The property is an investment of 9 one-bedroom apartments in Cardiff Bay, completed in 2016. The modern, high-spec build offers lift access to all floors, with each apartment consisting of an entrance hallway, utility cupboard, open-plan kitchen/dining/living room, double bedroom, and shower room. The apartments range in size from approximately 345 to 387 square feet, with current rents ranging from £800 to £900 per month, for a total of £77,900 per year.
With Apartment 24 vacant and expected to let for £850-£900 per month, the total income would be £89,700 per year. The property is situated at 23-25 & 28-33 Dixie and 130-132 Bute Street, Cardiff, CF10 5EA, and is offered on an informed leasehold basis.