Property Details: • Type: House • Tenure: N/A • Floor Area: 2403 sqft
Key Features:
Location: • Nearest Station: Cardiff Queen Street Station • Distance to Station: 0.791108306927568 miles
Agent Information: • Address: 82 Albany Road, Roath Cardiff, CF24 3RS
Full Description: INVESTMENT OPPORTUNITY -FREEHOLD – Fully Converted House Split into 5 Flats, 8% Yeild<br /><br />An excellent investment opportunity to acquire a fully converted residential property comprising five self-contained flats, generating a strong annual rental income of approximately £52,200 per annum.<br /><br />The property is configured to provide five independent units, offering a diverse rental income stream and reducing vacancy risk. All flats are self-contained and designed to appeal to a wide range of tenants, making the asset well suited for both experienced landlords and investors seeking a ready-made income-producing property.<br /><br />With a gross income of £52,200 per year, the property delivers immediate cash flow and represents an attractive addition to any buy-to-let portfolio. The multiple-unit configuration offers enhanced income resilience compared to a traditional single-let investment, while also providing potential for future rental growth subject to market conditions.<br /><br />Key Features:<br /><br />Freehold investment property<br />Split into 5 self-contained flats<br />Producing approximately £52,200 per annum<br />Established rental income<br />Multiple income streams from separate tenancies<br />Ideal for investors seeking strong yields and long-term capital growth<br />Potential for future rental increases<br /><br />A rare opportunity to acquire a high-income producing residential investment with immediate returns from day one. Early viewing is highly recommended.<br /><br />Important Information: The property has been physically converted and is currently arranged as five self-contained flats. However, the property is held under a single title and has not been legally separated into five individual titles. Prospective purchasers are advised to make their own enquiries with the relevant authorities and obtain independent legal advice regarding the current arrangement, title position, planning and any necessary consents.<br /><br />Disclaimer: The property is currently held under a freehold title. The property is either being sold as a whole or flats are available to be sold separately however, this does not include ownership of the land. Should the flats be sold separately, the freehold title will be split upon completion of the sale at the seller's expense. Further details are available upon request.<br /><br />Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.<br /><br /><br />