House for sale

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House for sale

8 Park Road, Barry, CF62 6NU
£900,000

Our Summary

  • DescriptionFreehold residential investment & development opportunity (subject to planning) located on one of Barry’s most sought after residential streets
  • The low site coverage could allow for further development, subject to planning

Description

This is a freehold residential investment and development opportunity located on a highly sought-after street in Barry, Wales. The 0.21-hectare site has a low existing site coverage of 12% and is fully let on occupation contracts with a number of longstanding tenants, generating a total gross rental revenue of £53,340 per annum. The property is a three-storey period building containing seven apartments, with potential for further development subject to planning. Barry is one of Wales' fastest-growing residential markets, with average house prices having surged 11% in the past year, making this an attractive investment opportunity. The vendor is seeking offers in excess of £900,000, subject to contract and exclusive of VAT.