25 Ferry Road, Cardiff, South Glamorgan, CF11 7DW

ONLINE AUCTION from 6th - 8th October An excellent opportunity to acquire a fully let block comprising four self contained one bedroom flats, currently producing a combined rental income of approximately £35,340 per annum. The property comprises four one bedroom apartments, each benefiting from a shower room and open plan lounge kitchen, providing practical and easily lettable accommodation. The three flats within the main building are accessed via a communal hallway and are all presented in good condition with establish tenants. The lower ground apartment benefits from its own private entrance with access to a rear garden and is occupied by a long standing tenant, although the flat does offer some scope for improvement. The property has been well maintained with fire doors and fire alarm systems throughout, while all four flats have EPC ratings of C, offering good energy efficiency for tenants. Electrical certificates are also in place. With all four apartments currently occupied, the property provides an established rental income from completion, whilst also offering potential to increase rents, providing an opportunity for future income growth. At the current guide price, the annual income represents an attractive gross yield of approximately 13%, making this an appealing proposition for landlords and investors seeking a strong income producing asset. Located in Grangetown,…

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