Block of flats for sale in City Road, Cardiff CF24

Hafren Properties are pleased to offer you this investment opportunity comprising a mixed use commercial/residentail property with planning permission for three self-contained flats in City Road, Cardiff.

The property is located in an excellent position, within easy walking distance of Cardiff University and the City Centre. There is a great selection of shops, restaurants, cafes and bars on the doorstep, and there are excellent transport links, close to a regular bus stop and walking distance to the nearest train station.

At present the property comprises a ground floor commercial retail unit, and spacious three bedroom duplex with large garden and separate entrance on City Road. The shop and flat are both currently let, with a combined rental income of £31,740 per annum.

The property has planning permission for conversion of the upper floors and part of the ground floor with extension into three self-contained flats, while retaining part of the ground floor as a retail unit.

The existing property comprises:

Ground floor commercial unit

Commercial retail unit currently let under the terms of a commercial lease, and trading as a Shisha/Hookah store.

Shop Floor: 375 sq. Ft. (35 sq. M.)

Rear Room: 86 sq. Ft. (8 sq. M.)

Current Rent: £13,740 per annum

EPC Pending

Three bedroom duplex with garden

Kitchen: 124 sq. Ft. (11.5 sq. M.)

Lounge: 80 sq. Ft. (7.5 sq. M.)

Bedroom 1: 140 sq. Ft. (13 sq. M.)

Bedroom 2: 138 sq. Ft. (12.75 sq. M.)

Bedroom 3: 103 sq. Ft. (9.5 sq. M.)

Bathroom: 48 sq. Ft. (4.5 sq. M.)

Large enclosed rear garden with lane access.

Current Rent: £18,000 per annum

EPC D

If you would like further particulars or to arrange a viewing for this property, please contact our office at 209 Penarth Road, Cardiff.