8 bedroom block of apartments for sale

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8 bedroom block of apartments for sale

13 East Road, Ferndale, South Glamorgan, Rhondda Cynon Taff, CF43
£450,000

Our Summary

  • 00 with scope for increase
  • The property is currently held under 1 freehold title, although there may be scope for the buyer to transfer each flat onto distinct leasehold titles and sell them separately (this can be discussed with your

Description

This is a unique investment opportunity to acquire a fully-let block of 7 residential flats located on a popular main street in Tylorstown. The property is situated close to local amenities, including shops, cafes, and pubs, as well as major supermarkets and train stations. The flats are each let on standard 12-month occupation contracts, producing a total annual income of £42,000 with scope for increase. The current tenancy schedule has a combined monthly rent of £3,500 and a combined annual rent of £42,000. The property is being sold for £450,000, reflecting a 9.3% gross yield, making it an excellent return on investment. The sellers have managed the property themselves, ensuring all tenants are up-to-date with legislation and providing a smooth transition for the new owner.
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