Property Description

3 Salisbury Road
Cathays
CF24 4AA

£300,000

Features

  • INVESTMENT OPPORTUNITY
  • 3 SELF-CONTAINED FLATS
  • AVAILABLE FREEHOLD
  • LET UNDER AST AGREEMENTS
  • PRODUCING £18,000 PA
  • POTENTIAL FOR RENTAL GROWTH
  • CATHAYS AREA
  • REAR YARD
  • Gas fired heating with combination boilers
  • Close to the town centre & public transport

Description

**INVESTMENT OPPORTUNITY**3 SELF-CONTAINED FLATS**CURRENTLY PRODUCING £18,000 PER ANNUM**ALL TENANTED & LET UNDER ASSURED SHORTHOLD TENANCY AGREEMENTS**

Situation.
The property is located on the west side of
Salisbury Road at its southern end in the Cathays
area of Cardiff and within the sought after golden
triangle.

Cathays is an established residential area of Cardiff
that is popular with students and professionals
being within easy walking distance of Cardiff
University buildings and Cardiff city centre.

The property is close also to all local amenities and
has good transport links to the surrounding areas.

Property Summary
The property comprises a two storey mid terrace
residential dwelling that has been extended and
converted to provide two 2 bedroom flats and one
1 bedroom flat (as set out below).

There is a yard area to the rear with stone
boundary walls for use of the ground floor tenant.

The flats share a ground floor front entrance with
intercom system leading to a communal hallway.

We understand the property provides mains wired
fire alarm system and the flats are self contained with their own independent utility supply and gas boiler.

Ground floor flat:
Entrance hall, bedroom 1, bedroom 2, bathroom (WC, WHB bath with shower over), dining / living area, separate kitchen and exclusive use of rear garden.

First floor flat:
Entrance hall, bedroom 1, living room, separate kitchen/dining room, shower room (WC, WHB & shower enclosure), bedroom 2.

Second floor flat:
Entrance hall, bedroom 1, bathroom (WC, WHB, bath with shower over), open plan living room and kitchen.



Tenure
We are advised the flats are let under standard
Assured Shorthold Tenancy (AST) agreements at the following rentals:

GF: 2 bed £500pcm
FF: 2 bed £525pcm
SF: 1 bed £475pcm


The income producing residential investment is available for sale on a freehold basis at an asking price of £300,000.



Energy Performance Certificate (EPC)
The flats have the following energy performance
ratings:

o Ground Floor Flat: E
o First Floor Flat: E
o Second Floor Flat: E

VAT
We are informed that the property is not subject to
VAT.


VIEWING
Viewings are to be undertaken strictly by prior
arrangement through sole agent:-

Burnett Davies Chartered Surveyors

Contact: Michelle Barber
Tel: 01446 737255