A substantial, recently refurbished residential investment property is being sold by public auction on October 28th, 2025. The property, located in a sought-after area of Penarth, has an informed rental income of £55,140 per annum, representing an initial gross yield of 10%. The property has been divided into six units, including a two-bedroom self-contained apartment, a two-bedroom apartment, three refurbished studios, and a large one-bedroom apartment with sea views. The property is within walking distance of the town center, with its selection of bars, restaurants, and boutiques, and has excellent transport links to Cardiff city center. The property is being sold with a buyer's premium of 1.2% and a minimum payment of £1,200 (inc VAT) on exchange of contracts. The guide price is not disclosed, but the reserve price will be within ±10% of the guide price. Viewings are available by appointment with Seel and Co.