Property for sale

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Property for sale

96 Whitchurch Road, Cardiff, CF14
£700,000

Our Summary

  • • Attractive investment opportunity in a prime location• The investment comprises a self-contained restaurant and a two-bedroom apartment on the ground floor, along with a studio apartment and two one-bedroom apartments on the upper floors, let under four separate ASTs• Ground floor lease let to The Dough Thrower on a 10-year term from 01/05/2022• Situated in a popular residential area on Whitchurch Road with various local cafes and restaurants• Producing £54,300 per annum• We are instructed to seek offers in the region of £700,000 reflecting an attractive Net Initial Yield of 7

Description

This property is a three-storey mid-terraced building in Cardiff, offering a unique investment opportunity. The ground floor features a self-contained retail unit, currently let to The Dough Thrower on a 10-year term, and a two-bedroom apartment. The upper floors comprise a studio apartment and two one-bedroom apartments, each with modern amenities and smart technology allowing access via mobile phone. The property is let under four separate ASTs and produces £54,300 per annum. Situated on Whitchurch Road, a popular area with local cafes and restaurants, the property is just 2.5 miles from Cardiff City Centre and well-connected to public transport. The owners are seeking offers in the region of £700,000, reflecting a net initial yield of 7.38% after deducting standard purchaser's costs.