Flat for sale in Uppercliff Close, Penarth, Vale Of Glamorgan CF64

Uppercliff Close, Penarth, Vale Of Glamorgan, Cf64 1Be

Yieldit present a fantastic investment opportunity in the Vale of Glamorgan. Being sold with a tenant in situ, you can enjoy an immediate return on investment and an impressive yield of 6% net. With a leasehold tenure of which no ground rent is payable and the freehold can be purchased by separate negotiation, this is an opportunity not to be missed.

Positioned on a quiet cul-de-sac in the seaside resort of Penarth, this first floor apartment briefly consists of spacious lounge; separate fully fitted kitchen; double bedroom; bathroom with three-piece suite and a small conservatory which is perfect for enjoying the summer months. The property further benefits from a shared rear garden.

Uppercliff Close is a short walk to the Marina and Penarth Town Centre which offers a wide range of amenities. Penarth is just across the water from Cardiff Bay and is a short 17-minute train journey to the Welsh Capital of Cardiff, ideal for those wanting easy access to all of the culture and entertainment in addition to the educational and employment opportunities it has to offer.

Penarth is a town overlooking the Bristol Chanel known as “The Garden by the Sea”, it attracts a huge amount of visitors due to it’s old Victorian charm, wide mix of attractions, shopping facilities and picturesque pier. Residents of the seaside resort can enjoy cliff-top walks, boat trips and enjoy the surrounding Glamorgan countryside. The freehold is also available for purchase.

Financial Breakdown

Gross Rent: £7,800.00
Net income: £7,200.00
Gross yield: 6.5%
Net yield: 6%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07799