£550,000
5 bed block of flats for salePiercefield Place, Adamsdown CF24
5 beds
5 baths
5 receptions
EPC Rating: D
CPS Homes
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About this property
Fully let block of 5 self-contained apartments
Generating £46,800 annual income (8.5% yield)
Prime location just off Newport Road near city centre
Well-proportioned units ranging from 24 m2 to 44 m2
Strong tenant demand with immediate rental return
Prime Investment Opportunity Fully Let Apartment Block Near City Centre
An excellent opportunity to acquire a well-presented residential development located just off Newport Road, only moments from the vibrant city centre.
This attractive conversion comprises 5 self-contained apartments, all fully tenanted, generating a strong annual rental income of £46,800, delivering an impressive 8.5% yield.
Property Breakdown:
Flat 1: £785 pcm | 34 m2 | EPC D
Flat 2: £700 pcm | 24 m2 | EPC E
Flat 3: £830 pcm | 44 m2 | EPC D
Flat A: £765 pcm | 33 m2 | EPC E
Flat B: £820 pcm | 37 m2 | EPC E
The property benefits from a highly desirable location with excellent access to local amenities, transport links, and the city centre, ensuring continued tenant demand.
This is an ideal turnkey investment with immediate income and strong returns.
Early viewing is highly recommended contact us today to secure your appointment.