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Block of flats
East Road, Ferndale CF43
£450,000
East Road, Ferndale CF43
£450,000
Our Summary
- 00 with scope for increase
- The property is currently held under 1 freehold title, although there may be scope for the buyer to transfer each flat onto distinct leasehold titles and sell them separately (this can be discussed with your
Description
This is a unique opportunity to acquire a fully-let block of 7 residential flats in Tylorstown, a popular area with easy access to local shops, cafes, and pubs. The property is situated on the main street and is close to Ystrad Rhondda train station, which provides direct trains to Cardiff. The flats are each let on standard 12-month occupation contracts, producing a total annual income of £42,000 with scope for increase. The current tenants have been in occupation for a significant time, and there are no arrears at this time. The property is held under one freehold title, although there may be scope for the buyer to transfer each flat onto distinct leasehold titles and sell them separately. The asking price of £450,000 reflects a 9.3% gross yield, making it an excellent return on investment.