11 bedroom block of apartments for sale

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11 bedroom block of apartments for sale

The Retreat, Penylan, Cardiff
£575,000

Our Summary

  • Prime development opportunity in Penylan, Cardiff
  • Description - Unlock the potential of Penylan with this exceptional development opportunity
  • 11 acres ensures ample space for each unit, with potential for landscaping and communal areas
  • Additionally, the no onward chain status ensures a smooth transition for developers eager to embark on this project
  • In an area where demand for quality housing is high, this development opportunity is not just an investment in property, but an investment in the future of Penylan

Description

This expansive property in Penylan, Cardiff, offers a prime development opportunity to convert it into 6 apartments, comprising 5 two-bedroom and 1 one-bedroom units. With approved plans already in place, the property is primed for transformation from its current use as a 9-bedroom HMO. Located in a sought-after area, close to amenities and historic charm, the property is set to offer a lucrative investment opportunity. The generous plot size of 0.11 acres provides ample space for each unit, with potential for landscaping and communal areas. With no onward chain, the property promises a smooth transition for developers eager to embark on this project, which is valued at £1,700,000 by Savills.
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