Capella House

PLEASE NOTE - CASH BUYERS ONLY

Pure Investor is delighted to bring to the market this fourth-floor furnished one-bedroom apartment with one allocated parking space in Celestia, Cardiff Bay. The property comprises a kitchen, with built-in appliances such as a cooker, hob, extractor, sink and drainer, an open plan lounge/diner, a double bedroom with built-in wardrobes, a storage cupboard and a bathroom with shower.

Located in an excellent position, within walking distance of the bars, restaurants and amenities of Mermaid Quay, with direct links to Cardiff City Centre. The apartment also benefits from excellent transport links and is close to a regular bus stop and Cardiff Bay train station with links to the City Centre.

INVESTMENT INFORMATION

• Asking price:£100,000.00
• Current rental income: £900.00pcm (£10,800.00 per annum)
• Gross yield: 10.8%
• Service charge: £3,200.00pa (current landlord has said this is expected to reduce once works have been completed)
• Ground rent: £125.00pa
• Net income: £7,475.00 per annum
• Net yield: 7.47%
• Tenure: Leasehold (109 years remaining)
• Current tenants have recently moved in on a fixed-term AST
• Current local letting agent in place
• Ongoing work to be done to the main building. Original developers have confirmed no costs attributed to the leaseholders as they will bear the costs.