4+5 Hanbury Square, Bargoed, CF81

Semi Commercial Investment Opportunity | Hanbury Square, Bargoed

Purchase Price: £210,000 | RICS Valuation: £210,000 | Refurbishment: £20,000 to £30,000 | Projected Income: £32,400 PA | Projected Gross Yield: 13.5% to 14.1% | Potential GDV: £300,000

A compelling semi commercial freehold investment opportunity in Bargoed, combining established commercial income, three self contained residential flats and significant potential for rental and capital growth.

The property comprises two ground floor retail units and three self contained flats above, all currently fully tenanted, providing immediate income from completion.

The current rent is approximately £28,800 per annum, providing a current gross yield of approximately 13.71% on the £210,000 purchase price.

There is potential to increase the total annual income to approximately £32,400 PA through rent reviews and targeted refurbishment of the residential accommodation.

An estimated £20,000 to £30,000 refurbishment budget should allow the residential units to be modernised and improved, creating an opportunity to increase rental values while enhancing the overall appeal and capital value of the property.

Importantly, the property has been independently valued at £210,000 by a RICS valuer, matching the purchase price and providing a clear valuation benchmark for the acquisition.

Based on the projected £32,400 annual rental income and allowing for the estimated £20,000 to £30,000 refurbishment cost, the projected gross yield is approximately 13.5% to 14.1% on the combined purchase and refurbishment cost.

There is also potential to enhance the capital value, with a potential GDV of approximately £300,000, subject to refurbishment, rental uplift and prevailing market conditions.

Investment Highlights

• Purchase Price: £210,000

• RICS Valuation: £210,000

• Current Rental Income: £28,800 PA

• Current Gross Yield: 13.71%

• Projected Rental Income: £32,400 PA

• Estimated Refurbishment: £20,000 to £30,000

• Total Investment Including Refurb: £230,000 to £240,000

• Projected Gross Yield on Total Investment: 13.5% to 14.1%

• Projected GDV: £300,000

• Freehold

• Two established commercial units

• Three self contained residential flats

• Fully tenanted

• Approximately 3,287 sq ft total accommodation

• Residential refurbishment and rental growth opportunity

• Diversified commercial and residential income

• Potential to add both income and capital value

Property AccommodationNo. 4 Hanbury Square

Currently occupied by a funeral directors and comprising a modern half glazed shop frontage, reception area, office, rear lobby and access, kitchenette and cloakroom with WC and wash hand basin.

Approximately 28.95 sq m / 311 sq ft ITZA.

No. 5 Hanbury Square

Currently occupied by a retail business and comprising a modern half glazed shop frontage, open retail area, rear counter, store room, rear access and WC with wash hand basin.

Approximately 33.07 sq m / 356 sq ft ITZA.

Total commercial accommodation is approximately 65.40 sq m / 703 sq ft.

Flat 5A

Arranged over ground and first floors, comprising an entrance lobby and utility area, bedroom, sitting room, kitchen with fitted units and appliances, gas fired central heating and bathroom with bath, shower, WC and wash hand basin.

Flat 5B

Arranged over the second floor, comprising entrance lobby, bedroom, kitchen, gas fired central heating, shower room and sitting room.

Flat 5C

Arranged over the first and second floors, comprising kitchen, bedroom, sitting room, bathroom, gas fired central heating, WC and wash hand basin.

Total accommodation is approximately 308.55 sq m / 3,287 sq ft.

EPC Ratings

No. 4 Hanbury Square: EPC B

No. 5 Hanbury Square: EPC B

Flat 5A: EPC D

Flat 5B: EPC C

Flat 5C: EPC D

The residential accommodation provides the principal value add opportunity, with scope for refurbishment, improved presentation and rental reviews.

Due to the current condition of the flats, the property is considered suitable for cash purchasers or bridging finance, making it particularly relevant to experienced investors comfortable with refurbishment and active asset management.

The Investment Case

This is not simply a high yielding commercial investment. The attraction is the combination of income from day one, a confirmed RICS valuation at the purchase price, rental growth potential and an opportunity to improve the underlying asset.

At £210,000, the acquisition is supported by the independent RICS valuation. With an estimated refurbishment budget of £20,000 to £30,000, the total investment is approximately £230,000 to £240,000 before acquisition costs and finance.

Following refurbishment and rent reviews, the projected rental income is approximately £32,400 PA, representing a gross yield of approximately 13.5% to 14.1% on the combined purchase and refurbishment cost.

There is also potential for a GDV of approximately £300,000, creating further potential value for an investor undertaking the refurbishment and rental uplift.

DISCLAIMER

All rental, yield, refurbishment and GDV figures are subject to verification, market conditions and the purchaser's own due diligence. The RICS valuation provides an independent valuation benchmark and does not constitute a guarantee of future market value.

A strong freehold income producing asset with immediate income, confirmed valuation support, rental uplift potential and clear scope to add both income and capital value.