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6 bed terraced house
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Price History
Our Summary
- All units are currently occupied with a gross yield of 7%, with potential for over 8
- Future potential market rent is £850PCMFlat 3 – Dated two bedroom apartment
- Dated presentation
- Commercial units: Current combined rent is £1600 pcm, with potential rental income after review of £1900 per month
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Description
This mixed-use property in Wales offers a unique investment opportunity, comprising four residential apartments and two commercial units, with two garages to the rear. The property is fully occupied, generating a gross yield of 7%, with the commercial tenants having recently renewed their leases for two years. The residential apartments are all fully compliant with occupation contracts and have a great rental history, with minimal void periods due to the sought-after location.
The property is situated near transport links and the A470, making it easily accessible. The development is a freehold, traditional build, and has partially been refurbished. The commercial units are approximately 350 sq ft each, currently rented out as a takeaway and a nail bar, and have a combined rent of £1600 PCM.
The garages, one of which is occupied by the owner, have a combined potential income of £400 PCM.