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The Retreat, Penylan, Cardiff 11 bed block of apartments for sale
The Retreat, Penylan, Cardiff
£560,000
The Retreat, Penylan, Cardiff
£560,000
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
- A unique investment opportunity in a high-demand area
- Approved planning (reference 20/01176/MNR) for conversion
- Approved planning (reference 20/01176/mnr) for conversion
- Potential for 5 two-bedroom and 1 one-bedroom apartments
Description
This expansive property in Penylan, Cardiff, presents a prime development opportunity to convert it into 6 apartments, with approved plans already in place. Currently operating as a 9-bedroom HMO, the property is situated in a sought-after area, close to amenities and surrounded by historic charm. The development will feature 5 two-bedroom and 1 one-bedroom apartments, spread across three floors, with ample space for landscaping and communal areas. The property's generous plot size of 0.11 acres ensures a lucrative investment, with potential for a high return on investment both financially and in the lasting legacy it will provide to the community. With no onward chain status and a valuation of £1,700,000 by Savills in 2020, this development opportunity is not to be missed for established developers or those looking for their next project.