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8 bedroom block of apartments for sale
Wellfield Road, Carmarthen, Carmarthenshire SA31
£389,950
Wellfield Road, Carmarthen, Carmarthenshire SA31
£389,950
Our Summary
- ***Investment property*** Fantastic investment opportunity to purchase this fully let block of flats generating an annual income of 32,400, producing an attractive gross yield of approximately 8
Description
This fully let block of flats in Carmarthen is a fantastic investment opportunity, generating an annual income of £32,400 and producing an attractive gross yield of approximately 8.3%. The property consists of five self-contained flats, three with two bedrooms and two with one bedroom, each with a kitchen/lounge, bathroom, and bedroom(s). The property sits on a large plot with ample parking for 10+ cars. Located on Wellfield Road, the property is within walking distance of Carmarthen town centre, which offers a range of shops, restaurants, and amenities. Each flat has electric heating and UPVC double-glazed windows, and the property benefits from a satisfactory electrical certificate and mains-powered smoke alarms. The property is freehold, and the annual income is expected to increase as the current rent contracts expire.