8 Park Road, Barry, CF62 6NU
Size
22,215.6
Tenure
Freehold
EPC
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Parking
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- Primary use
- Commercial development
- Other use(s)
- Other
No floor / site plan
Key features
- Large site extending to 0.21 hectares
- Fully let
- Asset management potential
- One of Wales’ fastest growing residential markets
Description
UNDER OFFER
• Freehold residential investment & development opportunity (subject to planning) located on one of Barry’s most sought after residential streets.
• Large site extending to 0.21 hectares (0.51 acres) with a low existing site coverage of c.12%.
• Barry is one of Wales’ fastest growing residential markets with average house prices having reportedly surged 11% last year.
• Fully let on occupation contracts with a number of longstanding tenants.
• Asset management potential, through refurbishment or redevelopment, in an area with an attractive wider regeneration story.
• Total existing gross rental revenue of £53,340 per annum.
We are instructed to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT.
Location
Barry is a vibrant coastal town in the Vale of Glamorgan, approximately 9 miles southwest of Cardiff. Once renowned as the world's largest coal exporter, Barry has evolved into a vibrant community supporting both local industry and a commuter base serving the Capital City.
Specifications
Period built 3 storey property containing 7 apartments.
The low site coverage could allow for further development, subject to planning.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
8 Park Road, Barry, CF62 6NU
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