Fantastic Investment Opportunity! 5.87% Rental Yield. A freehold grade 2 listed house comprising 2 self contained flats with tenants in situ, located in the centre of Cardigan town. The property boasts off road car parking spaces, its own garden, and is only a few minutes walk from the towns shopping high street. Internally there is a 1 bedroom ground floor flat and a 3 bedroom first and second floor flat. The flats have mains gas heating, water and electric with independent meters and a building fire alarm system.
EER - 52 E
The property is well placed for easily reaching all of the Cardigan town amenities, schools, high street shops and services.
Communal front door, doors to the individual flats.
Front door opens to:
Tiled floor, radiator, external door to side, doors to:
Lounge (14'2 x 14'2 (4.32m x 4.32m))
Secondary glazed sash bay window to front, feature fireplace and surround, radiator.
Kitchen (14'2 x 10'7 (4.32m x 3.23m))
Fitted with a range of wall and base units with work surfaces over, single drainer sink, part tiled walls, gas combination boiler servicing the domestic hot water and central heating for this flat. Secondary glazed window to rear and side, radiator, plumbing for washing machine, space for cooker and white goods.
Suite comprising of WC, pedestal wash hand basin, shower cubicle with part tiled walls, radiator, tiled flooring.
Bedroom 1 (11'11 x 11'8 (3.63m x 3.56m))
Secondary glazed sash window to rear, radiator.
This flat enjoys the rear garden which is mainly laid to hard- standing being easy to maintain.
Front door opens to:
With stairs to first floor landing.
Stairs to second floor, doors to:
Kitchen (11'9 x 9'10 (3.58m x 3.00m))
Fitted with a range of wall and base units with work surfaces over, 1½ bowl single drainer sink, Worcester oil fired combination boiler servicing the domestic hot water and central heating for this flat. Plumbing for washing machine, part tiled walls, secondary glazed window to side, cooker with extractor hood, space for table and chairs, door to:
Bathroom (9'11 x 4'11 (3.02m x 1.50m))
Suite comprising of bath with mixer shower over, WC, pedestal wash hand basin, secondary glazed window to rear, radiator.
Lounge (13' x 10'7 (3.96m x 3.23m))
Secondary glazed sash window to front, feature fireplace in surround, radiator.
Bedroom 1 (10'11 x 10'11 (3.33m x 3.33m))
Secondary glazed window to rear, radiator.
Bedroom 2 (8'11 x 7'9 (2.72m x 2.36m))
Secondary glazed window to front, radiator.
With roof window and door to:
Bedroom 3 (17'6 x 8'11 (5.33m x 2.72m))
Exposed 'A' framed ceiling, radiator, secondary glazed window to side, access to eaves storage space.
Both flats are occupied by contracted tenants. The monthly income for the building is £820 which against the property asking price gives a rental yield of 5.87%.
Beyond the garden there is a hard-standing area with nominated off road parking space, each flat has 1 parking bay.
We are advised mains gas, water, electricity and drainage are connected.
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