3 bedroom convenience store for sale

CARDIFF

Sold STC £250,000

Property Description

Key features

  • Substantial building in a corner plot within the residential area of Splott, close to the City Centre.
  • Convenience Store located on the main road generates 5,400 per annum in rent from a tenant that has occupied the premises for 2.5 years.
  • Excellent 2 Bedroom Apartment acieving a rent of 7,800 per annum and a further 1 Bedroom Flat offering an income of 6,600 pa.
  • Large Double Garage that is rented as a motor conversion workshop for 4,800 pa.
  • We are informed the property is generating a total income of 24,600 per annum with the potential to increase that figure as the rental figures have continued to rise in this popular area.

Full description

Tenure: Freehold

REF: 7776 FREEHOLD

AN EXCELLENT OPPORTUNITY TO ACQUIRE A SUBSTANTIAL INVESTMENT PROPERTY WITHIN A SOUGHT AFTER AREA OF CARDIFF

LOCATION
This 19th Century brick built property is sat on a substantial corner plot on Walker Road, Splott, Cardiff.
Splott is a district and thriving community in the south of Cardiff, close to the city centre and offers a good range of amenities.
The area was built in the late 19th Century on the land of two farms and was characterized by its once vast steelworks and rows of tightly knit terraced houses.
The population of the area is approx. 12,000 residents.

THE PROPERTY
This prominent corner plot building is of brick construction, under a pitched, tiled roof, occupying an excellent corner position on Walker Rd, Splott, Cardiff.

COVENIENCE STORE
The Convenience & Sweet Store is located to the front of building and benefits from a main road frontage.
The current tenants have been at the premises for 2.5 years and have created a busy little corner shop.
The shop is creating a rental income of 450 per month.

GARAGE/WORKSHOP
The Garage/Workshop is located to the rear of the building and is currently being utilised as a business for converting motor vehicles into motorhomes.
The tenant has been trading from the premises for 3 years and is keen to purchase this part of the building for 50,000 if the new owners are interested in selling.
The garage/workshop is achieving a rental income of 400 per month.
Similar properties in the area have been converted into flats/apartments and the spacious building would have the potential for 3 x 2 Bed Flats.

ACCOMMODATION
The accommodation is located on the Ground and 1st Floors.
The Two Bedroom Apartment is located on the first floor and consists of Two Double Bedrooms, Large Lounge, Fully Fitted Kitchen-Diner and Bathroom. This apartment is achieving a rental income of 650 per month.

The One Bedroom Apartment is located on the ground floor and offers a Double Bedroom, Kitchen-Diner, Lounge, Utility, Porch Entrance and a Car Port along with a Patio Area. This apartment was achieving a figure of 550 per month, although our vendor is currently living at the premises until the sale is completed.

The apartment rents have not been increased for 6 years and could potentially attract a higher figure in the area.

EXTERNAL
The property has a large car port with storage areas along with a Patio Terrace Area.

GENERAL REMARKS
The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).
We are advised that the inn benefits from mains services (no services seen or tested). Business rates are advised as currently being circa 0 per annum.

THE INVESTMENT PROPERTY
The property has been in the same family for 40 years and is being offered in excellent condition throughout.
Our vendors are looking to retire and offer the property to the market as an excellent investment opportunity achieving 10% return on the investment.
We are advised that the current rent being achieved is 24,600 per annum although a local letting agent has suggested that this could be increased due to the high demand in this popular area.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.


Nearest stations

  • Cardiff Queen Street (0.9 mi)
  • Cardiff Bay (1.2 mi)
  • Cardiff Central (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cardiff Queen Street (0.9 mi)
  • Cardiff Bay (1.2 mi)
  • Cardiff Central (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7776. 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 Guy Simmonds, National Licensed Property Agents. 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.

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