4 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
Spacious Four Storey mixed-use investment property in this popular area of Barry with informed rents totaling £1875pcm (£22,500pa) representing an initial net yield of 7.0%.
Description
Spacious Four Storey mixed-use investment property with 3 flats, detached coach house and basement located in this popular area of Barry with informed rents totaling £1875pcm (£22,500pa) representing an initial net yield of 7.0% with scope for further income streams with a vacant basement which could be used for a variety of uses and improved rents upon review.
Located in the charming town of Barry, this four-storey commercial property presents a lucrative investment opportunity not to be overlooked. With a spacious layout comprising 3 occupied flats, a detached coach house and a vacant basement this versatile space is ideal for a range of business opportunities. There is also a commercial unit currently being used as a takeaway located to the front on the ground floor which currently occupies a long lease (150yrs commenced 20/04/2016) - no rental income.
The property features a small courtyard to the rear providing additional outdoor space leading to the detached coach house. The building boasting a total of 4 bedrooms and 3 bathrooms, this property offers a generous 4109 sqft of space in reasonable condition with some modernisation required.
Barry itself offers a bustling community with plenty of nearby points of interest, including local shops, restaurants, and amenities. Additionally, the town boasts excellent transport links, making it easily accessible to neighboring areas and within a short distance to Cardiff.
Please refer to the legal pack for any further information required.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co
Places of interest
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Property reference 269491. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Seel & Co Auctions - Cardiff.
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 19, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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