Wellfield Road, Carmarthen... 8 bed block of apartments for sale

*Investment property* Fantastic investment opportunity to purchase this fully let block of flats generating an annual income of £32,400, producing an attractive gross yield of approximately 8.3%. The block consists of 5 self contained flats, 3 x 2 bedroom and 2 x 1 bedroom. Internally the flats are comprised of a kitchen/lounge, bathroom and bedroom(s). The property sits within a very large plot, offering plenty of parking. The property is located on Wellfield Road, a very popular and sought after area of Carmarthen, walkable to the town centre, which is home to many national and local occupiers, providing a vast selection of shops and restaurants. Each flat benefits from electric heating and is supplied/metered independently. Satisfactory electrical certificate (DEICR) in date and available to view. Smoke alarms are mains throughout the property to comply with residential letting regulations. EPC 'E', apart from Flat 3, which is EPC 'F' with an exemption. Council tax band 'A' and 'B'. Please request our virtual tour for a good insight as to what this property has to offer. Freehold property. To arrange a viewing please contact Swift Property Services on[use Contact Agent Button] / [use Contact Agent Button]

Rooms

Description
fully let block of flats generating an annual income of £32,400, producing an attractive gross yield of approximately 8.3%. The block consists of 5 self contained flats, 3 x 2 bedroom and 2 x 1 bedroom. Internally the flats are comprised of a kitchen/lounge, bathroom and bedroom(s). The property sits within a very large plot, offering parking for 10+ cars. Each flat benefits from electric heating and has UPVC double glazed windows.

Location
The property is located on Wellfield Road, a very popular and sought after area of Carmarthen, within walking distance of Carmarthen town centre, which is home to many national and local occupiers, providing a vast selection of shops and restaurants. Also within close proximity to schools, supermarkets and transport links.

Flat 1 (Ground Floor)
Two bedroom ground floor flat comprised of porch, entrance hall, kitchen/lounge/diner, bathroom and two bedrooms. Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £525 pcm, contract start date December 2021, written statement has been served, last rent increase September 2024. EPC E rating. Council tax band A.

Flat 2 (Ground Floor)
Two bed ground floor flat comprised of kitchen/lounge/diner, bathroom and two bedrooms. Circa 45 sqm (484 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £525 pcm, contract start date December 2021, last rent increase September 2024, written statement has been served. EPC E rating. Council tax band B.

Flat 3 (First Floor)
One bedroom first floor flat comprised of entrance lobby, hallway, kitchen/lounge/diner, bathroom and bedroom. Circa 32 sqm (344 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £525 pcm, occupation contract start date February 2023, last rent increase February 2024. EPC F rating with exemption. Council tax band A.

Flat 4 (First Floor)
One bedroom first floor flat comprised of kitchen, lounge/diner, bathroom and bedroom. 29 sqm (312 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £550 pcm, occupation contract start date June 2024. EPC E rating. Council tax band A.

Flat 5 (Second Floor)
Two bed second floor flat comprised of kitchen/lounge/diner, bathroom and two bedrooms. Circa 38 sqm (409 sqft). Modern economy 10 electric central heating system. UPVC double glazing. Car parking space. Passing rent £575 pcm, occupation contract start date May 2024. EPC E rating. Council tax band B.

External
Large gravelled area for 20+ cars

Tenure
Freehold

Services
We are advised mains water, electricity & drainage are connected. Electricity supplied and metered independently.

Certificates
Satisfactory electrical certificate (DEICR) in date and available to view. Smoke alarms are mains throughout the property to comply with residential letting regulations

Construction
Stone

Please Note
These property details in no way constitute an offer of contract. Floor plans, virtual tours and measurements are approximate and buyers should satisfy themselves on all aspects of size, layout, condition, access and planning matters. No services or appliances have been tested by Swift Relocations and it would be the responsibility of the purchaser to do so. Photographs may have been taken with a camera using a wide angle lens. Photographs may depict items which are not included in the sale of the property. Swift Property Services is the trading name of Swift Relocations Ltd - Company reg: 7283983

Sprift Report

Good Morning and Welcome to Swift Property Services Swift Property Services is the leading ARLA regulated residential lettings and property management agent in South West Wales. Established in 1988, our estate agents office is based in Carmarthen town and we cover a wide area spanning Carmarthenshire, Pembrokeshire and Ceredigion. We offer an unrivalled service and pride ourselves on our experience, knowledge, marketing skills and customer service. Whether you are looking for a home rental or a town centre apartment we have a wide range of property to let, something to suit every need. Our spacious office based in Carmarthen town centre is open from 9am - 5pm Monday to Friday and 9am- 1pm on Saturdays. Our company has a dedicated team of friendly staff who are able to deal with your enquiries, please feel free to pop in, telephone or email us if you have an enquiry, we will be delighted to hear from you.

8 bedroom block of apartments for sale

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