1 bedroom apartment for sale

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1 bedroom apartment for sale

Victoria Wharf, Watkiss Way, Cardiff(City), CF11
£115,000

Our Summary

  • INVESTMENT PURCHASE ONLY CASH BUYERS Pure Investor is delighted to bring to the market this furnished one-bedroom apartment for sale on the sixth floor in the Victoria Wharf development of Cardiff Bay
  • Please be aware the seller is looking for a cash buyer only at this moment in time due to the ongoing work that is to be done on the main building

Description

This furnished one-bedroom apartment in Cardiff Bay's Victoria Wharf development is being sold as an investment opportunity, priced below market value due to ongoing work on the main building. The property, located on the sixth floor, features an open-plan kitchen and living area with a balcony overlooking the water, a double bedroom with built-in wardrobe, and a bathroom. It also comes with one allocated parking spot. The current rental income is £925 per month, resulting in a gross yield of 10.1%. The property is being sold on a leasehold basis with 107 years remaining, and the current tenants have recently moved in on a fixed-term AST. Despite the ongoing work, the original developers have agreed to bear the costs, making this a unique investment opportunity with a net yield of 7%.
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