City Road, Cardiff(City), CF24

Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A

Key Features: • Investment Opportunity • Mixed Use Property • Very Large Ground Floor Commercial • Large Garage • Two Spacious One Bedroom Flats • Large Two Bedroom Flat • Fully Tenanted • Excellent Location

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 209 Penarth Road, Grangetown, Cardiff, CF11 6FR

Full Description: Hafren Properties are pleased to offer you this investment property comprising a large ground floor commercial unit with garage and three self-contained flats on City Road, Cardiff.

The property is located in an excellent position, within easy walking distance of Cardiff University and the City Centre. There is a great selection of shops, restaurants, cafes and bars on the doorstep, and there are excellent transport links, close to a regular bus stop and walking distance to the nearest train station.

The property comprises a mixed use building with a very large commercial unit on the ground floor with garage, and three spacious self-contained flats on the 1st and 2nd floors with separate intercom entrance from City Road. All of the units in the building are let and further details are below.

Ground Floor:

Large commercial retail unit with rear stock room and walk-in cold room, kitchen, toilet, and garage with vehicle access from Castle Lane. The ground floor unit is let under a commercial lease and is currently trading as a Chinese supermarket.

The property provides the following approximate areas and dimensions:

Shop Floor:         1238 sq. ft. (115 sq. m.)

Kitchen:               73 sq. ft. (6.81 sq. m.)

Toilet:                   42 sq. ft. (3.88 sq. m.)

Storeroom:          360 sq. ft. (33.5 sq. m.)

Garage:                452 sq. ft. (42 sq. m.)

EPC Pending

Current Rent: £20,000 per annum (£1,666.67 PCM)

Flat 1 - Large self-contained one bedroom first floor flat.

Lounge/Diner:                         344 sq. ft. (32 sq. m.)

Kitchen:                                    87 sq. ft. (8.07 sq. m.)

Bedroom:                                  132 sq. ft. (12.25 sq. m.)

Bathroom:                                59.5 sq. ft. (5.53 sq. m.)

EPC C

Current Rent: £7,020 per annum (£585 PCM)

Flat 2 - Large self-contained one bedroom first floor flat.

Lounge/Diner:                          323 sq. ft. (30 sq. m.)

Kitchen:                                     86 sq. ft. (8 sq. m.)

Bedroom:                                  116 sq. ft. (10.8 sq. m.)

Bathroom:                                 45 sq. ft. (4.18 sq. m.)

EPC D

Current Rent: £6,600 per annum (£550 PCM)

Flat 3 - Large self-contained two bedroom second floor flat.

Lounge/Diner

Kitchen

Bedroom 1

Bedroom 2

Bathroom

Flat 3 is very large, covering the whole second floor of the building.

EPC D

Current Rent: £6,960 per annum (£580 PCM)

All three flats are let on occupation contracts under the Renting Homes (Wales) Act 2016.

All of the current rents are considerably below market rates and could be increased substantially.

If you would like further particulars or to arrange a viewing for this property, please contact our office at 209 Penarth Road, Cardiff.