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Accommodation
We are advised that the property provides the following approximate areas:
| Sq M | Sq Ft | |
| Flat 1 | 35.70 | 384 |
| Flat 3 | 35.10 | 378 |
| Flat 4 | 32.50 | 350 |
A set of floor plans is available to download.
Tenure
Each flat is held long leasehold for a term of 150 years from 11th December 2018 at £100 per annum, hence a total ground rent of £300 per annum.
Tenancy
Each flat is held long leasehold for a term of 150 years from 11th December 2018 at £100 per annum, hence a total ground rent of £300 per annum.
| Flat No. | Start Date | Expiry | Rent (PCM) | Rent (PA) |
| 1 | 25/05/23 | 24/05/24 | £750.00 | £9,000 |
| 3 | 11/12/21 | Holding over | £750.00 | £9,000 |
| 4 | 20/01/23 | 19/07/23 | £700.00 | £8,400 |
| Total | £26,400 |
VAT
The property has not been elected for VAT and therefore VAT is not applicable on the purchase price.
Proposal
We are instructed to seek a figure of £320,000 (Three Hundred and Twenty Thousand Pounds), subject to contract, reflecting a gross yield of 8.25%.
Please note that a purchaser will be re-charged the costs of the searches (£357.60) which are provided in the data room.
Please note that a purchaser will be charged a Transaction Fee of £5,000 plus VAT.
You can exchange now! The sales platform allows a purchaser to submit a binding offer, with completion conditional upon finance or survey, or unconditional. So you can secure your investment immediately!
Contract deposit only £5,000 as opposed the “usual” 10%.
Investment Considerations
An opportunity to acquire an attractive residential investment;
Three x 1-bedroom apartments;
Let on Standard Occupation Contracts producing a total income of £26,400 per annum;
Located in a popular neighbourhood of Cardiff;
VAT-free investment;
A purchase at the asking price reflects an attractive yield;
Attractive lot size to an investor.
