Under Offer

Penylan, Cardiff – A freehold residential investment opportunity

Ayur Court, Melrose Avenue, Penylan, Cardiff, CF23 9FG

Offers in excess of £1,000,000

Property Type:
Residential
Tenure:
Freehold

Description

  • Freehold block comprising 11 flats
    • one flat sold on a long lease
    • 10 flats unsold
  • Unsold flats 10 x one bedroom
  • All 10 unsold flats currently let subject to Assured Shorthold Tenancies
  • Total Current Rent Reserved: £71,460 per annum
  • Total Current Ground Rent Income: £150 per annum
  • Total Rent Reserved: £71,610 per annum
  • 10 off-street car parking spaces (one sold off)
  • Gross Initial Yield: 7.16%
  • Located within the desirable residential area of Penylan

Subject to contract