Property Details

LAYTONIA AVENUE, GABALFA, CARDIFF



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LAYTONIA AVENUE, GABALFA, CARDIFF

Cardiff (CF14)

This property is to buy with a guide price of ...

£245000

and is Currently Available

Bedrooms: 3


Description


MAIN FEATURES:
FREEHOLD INVESTMENT PROPERTY
CURRENTLY LET & INCOME PRODUCING
THREE FLATS
POTENTIAL INCOME £19,500 P/A

DESCRIPTION LOCATION & DIRECTIONS; Barbara Rees is pleased to offer for sale, this forecourt and bay fronted three storey end of terrace investment property comprising three letting units to include ground, first and second floor flats.

Laytonia avenue is located adjacent to the Gabalfa Interchange (A470 / A48) with vehicular and pedestrian access gained directly off North Road.

The heath Hospital Complex is short walk away and there is easy access to Cardiff’s main distributor roads and the City Centre, making it an ideal location for letting.

GROUND FLOOR & EXTERIOR;- Front forecourt, communal entrance and staircase to the upper parts, utilities meter cupboard, enclosed rear yard with fire escape from the upper floor.

GROUND FLOOR FLAT;- Comprising a Lounge, kitchen / utility room, one bedroom and a bathroom.
Lounge 15’6” x 13’3” front facing walk in bay window, feature fireplace.
Kitchen / utility room 12’6” x 6’5” plus 12’ x 5’4” & 6’3” x 5’4” fitted kitchen and dining area.
Bedroom 13’10” x 12’5” rear facing window.
Bathroom with bath and shower above, wc and wash hand basin.

Currently let to a family member at a discounted rent, but this unit is capable of producing a market rent of circa £550 to £600 p/c/m (the seller’s family member will vacate at completion & Barbara Rees Ltd will be pleased to re let the flat for the purchaser).

FIRST FLOOR FLAT;- The accommodation comprises an entrance hall, lounge, two bedrooms, a kitchen & bathroom.
Lounge 15’ x 12’3” front facing walk in bay window.
Bedroom one 14’ x 10’2” rear facing window.
Bedroom two 9’4” x 6’9” front facing window.
Kitchen 11’10” x 8’ Fitted kitchen with base and wall units.
Bathroom with a bath and mixer tap shower, wash hand basin and wc.
Passing rent £630 p/c/m

SECOND FLOOR FLAT;- Studio flat with a lounge kitchen diner combined plus a separate shower room.
Lounge / kitchen / diner 25’2” x 12’2” front and rear facing windows, fitted kitchen units and fire escape.
Shower room with a shower, wc and wash hand basin.
Passing rent £400 p/c/m.

EPC RATINGS;-
Ground floor flat = D65 (Potential C76).
First Floor flat = E57 (Potential D67).
Second floor flat = C75 (Potential B80).

TENANCIES;- Each unit is let via an assured short hold tenancy.

FACILITIES;- Each unit has separate services, gch systems double glazing and a fire alarm system, (the most recent certificates are available for inspection at our Cardiff office).

INCOME;- When fully let the property is capable of producing circa £ 19,500 p/a.

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. The vendor verbally advises that the property is of freehold tenure and has the benefit of all mains services with metered water supplies, although this should be confirmed by the acting solicitors. The property is to be sold as seen and viewed and subject to the existing tenancies.

ASKING PRICE; £ 245,000.

VIEWING; Strictly accompanied viewing only, by prior appointment via our Cardiff office.

MORTGAGE; Available subject to status, please ask for an appointment with our independent financial advisor.



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