This property has been taken off the market.
3 Bed Terraced House For Sale Salisbury Road, Cardiff, CF24
£260,000- Terraced
1 of 9
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Last Updated: 7th May 2024
Description
Excellent opportunity to acquire a mixed-use residential / commercial unit in the heart of the Golden Triangle in Cathays.
The accommodation comprises of a 3 bedroom, 1 bathroom HMO. The flat is occupied by students, it's currently achieving £1000pcm and is let for the next academic year at £1200pcm.
The commercial unit is currently occupied by a takeaway restaurant (Use Class E), the premise is circa 43msq/460sqf. The unit let for £750pcm and is soon subject to a rent increase. The lease is a 27 year lease with 10 years remaining.
There is opportunity to convert the roof space into an additional 2 bedrooms, turning this 3 bed HMO into a 6 Bed HMO (subject to planning approval).
Total Annual Income: £23,400
Purchase Price: £260,000
Yield: 9%
This is a great opportunity to acquire a lucrative investment, producing immediate cash flow. Give our sales team a call today to discuss!
Kitchen - 3.91 x 2.00 (12'9\" x 6'6\") -
Bedroom One - 3.16 x 3.45 (10'4\" x 11'3\" ) -
Bedroom Two - 3.73 x 3.22 (12'2\" x 10'6\") -
Bedroom Three - 3.73 x 2.84 (12'2\" x 9'3\" ) -
Lounge - 3.92 x 2.00 (12'10\" x 6'6\") -
The accommodation comprises of a 3 bedroom, 1 bathroom HMO. The flat is occupied by students, it's currently achieving £1000pcm and is let for the next academic year at £1200pcm.
The commercial unit is currently occupied by a takeaway restaurant (Use Class E), the premise is circa 43msq/460sqf. The unit let for £750pcm and is soon subject to a rent increase. The lease is a 27 year lease with 10 years remaining.
There is opportunity to convert the roof space into an additional 2 bedrooms, turning this 3 bed HMO into a 6 Bed HMO (subject to planning approval).
Total Annual Income: £23,400
Purchase Price: £260,000
Yield: 9%
This is a great opportunity to acquire a lucrative investment, producing immediate cash flow. Give our sales team a call today to discuss!
Kitchen - 3.91 x 2.00 (12'9\" x 6'6\") -
Bedroom One - 3.16 x 3.45 (10'4\" x 11'3\" ) -
Bedroom Two - 3.73 x 3.22 (12'2\" x 10'6\") -
Bedroom Three - 3.73 x 2.84 (12'2\" x 9'3\" ) -
Lounge - 3.92 x 2.00 (12'10\" x 6'6\") -
Agent Details
Keylet
117-120, Bute Street, Cardiff, CF10 5AE
Show Contact Number
029 2048 9000
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.