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COMMERCIAL

Broad Street, Barry

£280,000
Knights, Barry
PROPERTY TYPE

Commercial Property

SIZE

1,507 sq ft

140 sq m

Key features

  • Four-storey mixed-use investment property
  • 3 occupied flats generating £1,875 pcm (£22,500 pa) in total
  • Initial net yield of 7.7%
  • Detached coach house with potential for additional income/use
  • Small rear courtyard leading to the detached coach house

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 7.7% with scope for further income streams with a vacant basement and coachhouse 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.

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.

Tenure
Informed Freehold – please refer to legal pack for verification of tenure

Viewing
Viewing by appointment

A fantastic investment opportunity in a popular Barry location, offering three established rental units together with a detached coach house and vacant basement providing excellent potential for additional income.

Communal Hallway - 7.14m x 0.89m (23'05" x 2'11" ) -



Flat One - Ground Floor -

Living Room - 4.01m x 2.62m (1.93m) (13'02" x 8'07" (6'04")) -

Kitchen - 5.16m x 1.35m (16'11" x 4'05" ) -

Bedroom - 3.43m x 3.18m (11'03" x 10'05") -

Bathroom - 3.00m x 1.73m (9'10" x 5'08") -



Flat Two -

Living Room - 4.32m x 3.76m (14'02" x 12'04") -

Kitchen - 3.86m x 3.10m (12'08" x 10'02" ) -

Bathroom - 1.68m x 1.65m (5'06" x 5'05" ) -

W/C - 2.03m x 0.89m (6'08" x 2'11") -

Bedroom One - 5.00m x 3.12m (16'05" x 10'03") -

Bedroom Two - 5.61m x 3.02m (18'05" x 9'11" ) -



Flat Three -

Hallway - 3.02m x 2.51m (9'11" x 8'03") -

Living Room - 5.03m x 3.71m (16'06" x 12'02" ) -

Kitchen - 3.28m x 2.49m (10'09" x 8'02" ) -

Inner Hallway - 1.80m (5'11") -

Bedroom - 3.81m x 2.64m (12'06" x 8'08" ) -

Bathroom - 2.69m x 1.65m (8'10" x 5'05" ) -



Basement -

Main Floor - 8.69m x 6.20m (28'06" x 20'04") -

W/C - 1.73m x 1.22m (5'08" x 4'0" ) -



Coach House - 6.40m x 5.97m (21'0" x 19'07" ) -

We have decided to sell the property as we feel now is the right time to move on from the investment. It has provided a good rental income, with further potential to increase the income from the additional space.

Brochures

Broad Street, BarryEPC - First Floor FlatEPC - Ground Floor FlatEPC - Second Floor FlatMaterial Information Ground Floor FlatMaterial Information First Floor FlatMaterial Information Second Floor FlatBrochure

Energy Performance Certificates

EE RatingEI Rating

Broad Street, Barry

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barry Station0.2 miles
  • Barry Island Station0.6 miles
  • Barry Docks Station1.0 miles
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Notes

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Disclaimer - Property reference 34340225. 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 Knights, Barry. 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.