Ground Floor, Glynteg House Station Terrace, Ely, Cardiff, South Glamorgan, CF5 4AA
- PROPERTY TYPE
Ground Flat
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
ONLINE AUCTION from 2nd SEPTEMBER - 4th SEPTEMBER 2025
Incredible investment opportunity to own a large ground floor apartment/office space. The former keeper used the space as a mix of living space and utilised as an office. The apartment measures 156SQM and offers the potential to be split into 8 bedrooms. The potential and ideas on this space are endless (subject to necessary planning).
Value-Add Opportunities: modernisation can turn this into a unique large apartment or HMO and create a fantastic space. It could be refurbished and re-sold, or be turned into multiple apartments for rental / re-sale / serviced accommodation.
Rental projections - One large apartment of this size could be rented to a family for around £2,500pcm due to its size and spacious element.
If an application was made for a HMO (house of multiple occupation) room rates of £650.00 pcm per bedroom would be expected. Generating 8 rooms at £650.00 pcm would bring a yearly income of £62,400.00 per year.
A large serviced accommodation for short term let's could also be offered due to its large nature, and again would bring a healthy return of rental on a monthly basis.
The property could also be rented out as an office space or could be refurbished and re-sold on the open market. This would create a unique opportunity and a high GDV would be achieved due to the size of the 156sqm property.
The property is located within Ely on the A48 which is the main arterial road running east to west through Cardiff. The property is approximately 3 miles to the west of Cardiff City Centre and provides ease of access to Junction 33 of the within 6 miles, approximately 15 mins drive time. The Waun-Gron Park Railway Station is within an 8 minute walk and provides direct access in to the City Centre.
Tenure:
Advised Leasehold - to be verified by solicitor.
NEW LEASE
999 year lease with £1 Ground rent per annum.
Tenancies:
To be sold with vacant possession.
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email for invaluable advice.
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Ground Floor, Glynteg House Station Terrace, Ely, Cardiff, South Glamorgan, CF5 4AA
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Visit our security centre to find out moreDisclaimer - Property reference 304715. 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 Paul Fosh Auctions, Newport. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paul Fosh Auctions, Newport on 01633 603042.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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