2 bed block of flats for sale

Pearl Street, Splott CF24

An excellent opportunity to acquire this converted terraced property, comprising two self-contained flats, both of which are fully let and generating a combined annual rental income of £18,900. This represents an attractive gross rental yield of approximately 8.5%

Ideally situated on Pearl Street, Splott, the property is conveniently located within easy reach of Cardiff City Centre, Newport Road and a wide range of local amenities, shops and transport links.

Both flats have been well maintained by the current landlord and offer modern fitted kitchens and bathrooms, making this an appealing investment opportunity with an established rental income from day one.

Flat 1 Ground Floor

Currently let at £825 pcm, offering approximately 46 sq m of accommodation and an EPC rating of D.

Flat 2 First Floor

Currently let at £750 pcm, offering approximately 46 sq m of accommodation and an EPC rating of C.

An ideal opportunity for investors seeking an established income-producing property in a convenient and popular Cardiff location.

Please note: A non-refundable administration fee of £24 including VAT is payable per buyer to carry out the required aml verification checks once an offer has been accepted. The sale cannot proceed until these checks have been satisfactorily completed. This is on acceptance of offer only. Details can be found on our website.

We are advised by the vendor that provisions of electricity, gas, water and sewerage are connected to a mains supply, and no materials used in construction may impact a buyer's enjoyment, mortgage availability, or insurance availability, and there are no issues or restrictions on mobile signal/coverage.

Flat 1

Bedroom 4.06m x 3.59m
Lounge 3.87m x 3.44m
Kitchen 3.20m x 2.81m
Bathroom

Flat 2

Lounge 5.12m x 3.78m
Bedroom 3.66m x 3.50m
Kitchen 3.51m x 1.75m
Bathroom