Property Description

Property Portfolio, Income Producing
City of Cardiff
CF10 3AN

£815,000

Features

  • Residential investment portfolio
  • 8 Freehold properties
  • Located across Barry
  • Available as a whole or potentially, in parts
  • Producing £53,100 pa
  • No arrears at present
  • Potential for rental & capital growth
  • Ongoing management available at 7pc
  • Please call for full details
  • Telephone 029 2051 2222

Description

Attractively priced portfolio of 8 freehold properties which have an excellent rent payment history and no arrears. Mostly long term and tenants and therefore a secure income stream. Please call for further information.


PROPERTY INFORMATION
3 Palmerston Cottages, Barry
2 bed end of link.
Rent increase served to £6,600 pax

2 Lower Harvey Street, Barry
2 bed link
Rent increase served at £6000pax

3 Lower Harvey Street, Barry
2 bed link
Rent increase served at £6000pax

6 Elizabeth Avenue, Barry
3 bed semi.
Rent increase served at £6,000 pax

35 Clive Road, Barry
3 bed link.
Rent increase served to £7,200 pax

24 Chesterfield Street, Barry
3 bed link.
Rent increase served to £7,200 pax.

6 Abingdon Street, Barry
3 bed link.
Rent increase served to £6,900 pax

18 Kendrick Road, Barry
3 bed link.
Current rent £7,200 pax.


ADDITIONAL COMMENTS
The whole portfolio is freehold and held on AST's mostly holding over and mostly with long term tenants.

Barry is undergoing substantial redevelopment at present on the Waterfront and investments from Aston Martin, the possible expansion at Cardiff Airport are bound to have an effect on values.

Arrears are non-existent and there are no tenant issues within the portfolio.

Risk is well spread over the portfolio and Burnett Davies can offer ongoing management at 7% if required.

Details attached (with historical photos).