Property Details: - Type: Terraced house - Bedrooms: 4 - Bathrooms: 4

Agent: Seel & Co Auctions - Cardiff Phone: 029 2227 5081

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 7th July 2026 at 04:24 PM with registration through our website.<br/><br/>Freehold building located within close proximity to the city centre, currently fully let for an annual income of £39,360 representing a gross initial yield of 11.5%.<br/><br/><b>Description</b><br/>A freehold building currently configured as apartments located within close proximity to the city centre, currently fully let for an annual income of £39,360 representing a gross initial yield of 11.5%. All in a good condition throughout, this block of four self contained flats presents an excellent investment opportunity. <br/><br/>Access via the communal hallway, each flat comprises of an open-plan kitchen/ living area, shower room and one double bedroom, all apartments are in a good condition throughout, offering a turn key investment. The property appears to be of brick contraction and has been rendered, with UPVC windows throughout, with a slate roof. <br/><br/>Situated on a residential street in Riverside, a short walk from a range of amenities, bus routes and the city centre, this is a prime location for rentals. The rental figures include gas and water which is paid by the landlord (electricity and council tax settled by the tenants directly) so the likely initial yield after bills is likely to be closer to 11%.<br/><br/>To confirm details of the tenancies & for further details, please refer to the legal pack when available.<br/><br/>Accommodation<br/>GF - Communal hall, 2x one bedroom flats comprising of open plan kitchen/ living area, one bedroom and shower room. <br/>FF - One bedroom flat comprising of open plan kitchen/ living area, bedroom and shower room.<br/>SF - One bedroom flat comprising of open plan kitchen/ living area, bedroom and shower room.<br/><br/>Informed Freehold please refer to legal pack for verification of tenure<br/><br/>Tenancies<br/>Flat A - £790 PCM<br/>Flat B - £850 PCM <br/>Flat C - £820 PCM <br/>Flat D - £820 PCM<br/><br/>Additional Fees<br/>Buyer’s Premium – 1.5% with a minimum of 1,500.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.<br/><br/>Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.<br/><br/>Further Information<br/>Auctioneers Office, Seel Auctions[use Contact Agent Button]<br/><br/>Viewing<br/>Viewing by appointment with Seel Auctions