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Studio apartment for sale

Redlaver Street, Grangetown, Cardiff

£1,395,000

Property Description

Full description

Tenure: Freehold

UNIQUE INVESTMENT OPPORTUNITY WITH FANTASTIC RENTAL YIELDS Moginie James offer for sale this truly unique development comprising thirteen individual properties; 6 one beds, 5 two beds, 1 three bed and 1 four bed. Converted to its current use 12 months ago, the old Grangetown library was saved from demolition by the local community and sympathetically converted to its current condition. All flats are individual, finished to the highest standard and the entire block retains original features of the building. All flats have gas central heating, upvc double glazed windows, quality fitted kitchens and bathrooms, contemporary decoration and spacious living spaces. Conveniently located to the City Centre, local amenities, road and rail links, rental incomes range from 525 to 900 per calander month and all but one of the flats are tenanted.

No 1:
With an open plan living room and kitchen and 2 large double bedrooms on 1st floor, each with their own bathroom.
Availability: Tenanted, tenancy ends 1/2/2013.
Currently achieving 600 p.c.m. unfurnished.
APPROX: 791 sq ft.

No 2:
With an open plan living room and kitchen and one bed and bathroom on the mezzanine level.
Availability: Tenanted with 2 months notice clause (note tenancy ends 15/8/2012).
Currently achieving 575 p.c.m. unfurnished.
APPROX: 703 sq ft.

No 3:
With an open plan living room and kitchen and one bed and bathroom on the mezzanine level.
Availability: Tenanted with 2 months notice clause (note tenancy ends 26/6/2012).
Currently achieving 550 PCM unfurnished.
APPROX: 717 sq ft.

No 4:
With spacious living room and separate kitchen on ground floor and 2 large double bedrooms and bathroom on first floor.
Availability: Periodic tenancy with 2 months notice clause.
Currently achieving 600 p.c.m. unfurnished.
APPROX: 750 sq ft.

No 5:
With spacious open plan living room and kitchen, plus cloakroom with wc on ground floor and 2 large double bedrooms and bathroom on first floor.
Availability: Periodic tenancy with 2 months notice clause.
Currently achieving 600 p.c.m. unfurnished.
APPROX: 847 sq ft.

No 6:
With sole access from Clive St, is this 4 bed townhouse. There is a Living room and separate kitchen on with small patio area accessed via French doors from kitchen on the ground floor, a full bathroom, living room and 2 bedrooms on the basement level and there are 2 double bedrooms on the first floor and each with own full size bathroom above it on second floor, accessed by separate private staircases.
Availability: Periodic tenancy with 2 months notice clause.
Currently achieving 700 p.c.m. unfurnished.
APPROX: 1487 sq ft.

No 7:
A 4 bed, four story maisonette with communal access. Bedroom suite and shower room on basement level, open plan living room and kitchen on ground floor, spacious bedroom with en suite on first floor and further bedroom with en suite on second floor.
Availability: Periodic tenancy with two month notice clause.
Currently achieving 900 p.c.m. furnished.
APPROX: 1531 sq ft.


No 8:
With an open plan living room and kitchen and one bed and bathroom on the mezzanine level.
Availability: Tenanted, tenancy ends 23/10/12.
Currently achieving 525 p.c.m. furnished.
APPROX: 535 sq ft.


No 9:
With an open plan living room and kitchen and one bed and bathroom on the mezzanine level.
Availability: Vacant
Previously achieving 575 p.c.m. unfurnished.
APPROX: 549 sq ft.

No 10:
Top Floor:
Spacious living room and Kitchen and 2 double bedrooms and bathroom.
Availability: Periodic tenancy with 2 months notice clause.
Currently achieving 650 p.c.m. unfurnished.
APPROX: 850 sq ft.

No 11:
Top Floor:
With entrance hall, terrace access. Living room with ceiling right up into rafters, two bedrooms and bathroom.
Availability: Periodic tenancy with 3 months notice clause.
Currently achieving 650 p.c.m. unfurnished.
APPROX: 728 sq ft.

No 12:
Top Floor:
With mezzanine bedroom and shower room. Access to a terrace.
Availability: Periodic tenancy with 2 months notice clause.
Currently achieving 550 p.c.m. unfurnished.
APPROX: 816 sq ft.

No 13:
Top Floor:
With spacious Living room, kitchen, bathroom and a double bedroom.
Availability: Periodic tenancy with 2 months notice clause.
Currently achieving 575 p.c.m. unfurnished.
APPROX: 742 sq ft.

OUTSIDE
There is a communal paved exterior area with seating and secure cycle store.

FURTHER INFORMATION AND TENURE:
All flats are pre-wired for digital terrestrial TV and Sky TV.
All flats have gas central heating with their own condensing boiler.
Flats 1 9 have gas hobs and electric ovens.
Flats 10-13 (top floor) have electric hobs and ovens.
Fully tenanted under current rental amounts, the gross rental income of the development is in excess of 8000 p.c.m. Running costs of the development over the last 12 months were less than 7000.


The development will be being sold with full FREEHOLD.



Property Ref:1_1199_2537961

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To view this property or request more details, contact:

Moginie James, Cardiff Bay

108 Bute Street, Cardiff, CF10 5AD

02922 292033 Local call rate

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Property reference 2537961. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Moginie James, Cardiff Bay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.