Block of flats for saleAlbany Road, Cardiff CF24
Local area information
- Albany Primary School 0.1 miles
- Roath Park Primary School 0.3 miles
- Cathays 0.4 miles
- Cardiff Queen Street 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Cardiff to find out more about the area.
Features and description
3 x 1 bed apartments located above a retail unit on Albany Road (please note the commercial unit is not included as part of the sale & cannot be included as held under separate ownership). The 3 flats included within the sale are positioned as follows: First Floor Rear, Second Floor Front and Second Floor Rear. (First Floor Front and Ground Floor Rear not included held under separate ownership along with the commercial unit).
The flats are being sold fully furnished - the tenants may have some of their own possessions in the flats, but the beds, sofas, dining table & chairs, wardrobes, etc are all included within the sale (full list of items available upon request).
The apartments would have great future potential to be run as Airbnb or Serviced Accommodation to increase the annual rental income, given its close proximity to Cardiff City Centre and the Principality Stadium, with premium nightly rates achieved with key events taking place at the Stadium.
Let on Standard Occupation Contracts producing a total income of £26,400 per annum;
Tenure: Each flat is held long leasehold for a term of 150 years from 11th December 2018 at £100 per annum ground rent, therefore a total ground rent of £300 per annum.
Flat 1: Let at £750 pcm
Flat 3: Let at £750 pcm
Flat 4: Let at £700 pcm
Combined monthly passing rent: £2,200 pcm
Total annual passing rent': £26,400 pax
Fantastic opportunity to potentially increase future rental income by running the flats as serviced accommodation or Airbnb in this prime spot just 15 mins walk distance from Cardiff City Centre.
Price: £299,950 reflecting 8.7% gross yield after deducting the annual ground rent payable (£100 per annum per flat).
Our client may also consider offers for selling each flat investment individually - please contact us to discuss further.
Floor plans and tours
Floor plans (3)
3 floor plans available
View the floor plans to understand the space and layout of this property.
Property descriptions and related information displayed on this page are marketing materials provided by - DTR Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact DTR Surveyors for full details and further information.