Auction Property 3 Bed Mixed Use 

Gelli Road, Gelli, Pentre

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Features

  • Auction date: 25th & 26th September 2019
  • Existing planning for retail on ground floor
  • Freehold
  • Three bedrooms and bathroom to first floor
  • Two storey property
  • Sold with vacant possession
  • Approximately 1,313 sq.ft. (taken from EPC)
  • Excellent transport links
  • Potential for conversion to two flats (subject to planning)
  • Potential for development into one large dwelling

Quick Details

3 Bedrooms3 Receptions2 Bathrooms

Address

181 Gelli RoadGelliPentreGlamorganCF41 7NA
Details
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Property Details

•For sale by online auction – 25th & 26th September 2019
•Guide price: £58,000
•Mid terrace two storey extended property
•Sold with vacant possession
•Freehold

A two storey mid terrace property currently configured to provide a retail unit at the front of the ground floor and a three bedroom house over the rear of the ground floor and first floor. The property offers potential for conversion into one large dwelling, or alternatively into two self-contained flats (subject to the necessary planning consents). Ideal for any investor looking to add value by renovating.

Externally the property benefits from a rear courtyard area with a store/workshop at the rear. There is a rear lane providing potential for off road parking.

Accommodation

Total – 1,313 ft2 (taken from EPC)

Services

We understand the property to have mains gas, electricity, water and drainage. However, interested parties are advised to make their own enquiries.

Tenure

Freehold

Investment Analysis

The property provides opportunity to convert the property into one large dwelling and add value by carrying out modernisation works. Once complete we expect a rental income of approximately £550 pcm (£6,600 pa) can be achieved. Alternatively the property provides potential for conversion into two self-contained flats (subject to the necessary planning consents) and when complete we anticipate a rental income of approximately £800 pcm (£9,600 pa).

Guide Price

£58,000+

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2% (min. £3,600) inc. VAT

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