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4 bedroom detached villa for sale
Cardiff Road, Cardiff CF15
£225,000
Cardiff Road, Cardiff CF15
£225,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 04:24 PM with registration through our website
- The apartments are generally in good order, especially Flats 1 & 3 while Flats 2 & 4 would benefit from some decorative improvement when next become vacant
- Please see further notes below but we have been informed that the current income for the property is £1425pcm (£17,100pa) In our opinion, there is certainly room for rental improvement with rental betterment and the occupation of the vacant apartment and retail unit
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
The property is a mixed-use investment property located in the center of Taffs Well, consisting of a retail unit and four apartments. The building is three storeys high and appears to be of brick/stone construction with a pitched tile roof and painted render elevations. The property is currently generating £1425 per month in rent, with the potential for rental improvement. The apartments are in good order, with Flat 1 and Flat 3 being particularly well-maintained, while Flats 2 and 4 could benefit from some decorative improvement. The property also features an attractive rear patio accessed from Flat 1. The auction will take place online on May 14th, 2024, with registration through the website.