£115,000
Alexandria
- 0 beds
£115,000
- 0 beds
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Pure Investor is delighted to bring to the market this furnished one-bedroom apartment for sale on the sixth floor in the Victoria Wharf development of Cardiff Bay. The property comprises of open open-plan kitchen and living area with a balcony overlooking the water, a double bedroom with a built-in wardrobe and a bathroom. The property also includes one allocated parking spot.
Please be aware the seller is looking for a cash buyer only at this moment in time due to the ongoing work that is to be done on the main building. The original developers have agreed to do this at their costs in the next two years. The property has been priced below market value as a result even though there is no cost to the owners.
INVESTMENT INFORMATION
- Asking price:£115,000
- Current rental income: £925pcm (£11,100pa)
- Gross yield:10.1%
- Service charge: £3,300pa
- Ground rent: £100pa
- Net yield: 7%
- Tenure: Leasehold (107 years remaining)
- Current tenants have recently moved in on a fixed-term AST
- Current local letting agent in place
- Ongoing work is to be done to the main building. Original developers have confirmed no costs attributed to the leaseholders as they will bear the costs.
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