Auction Property Retail 

Wentloog Road, Rumney, Cardiff

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Features

  • Auction date: 25th & 26th September 2019
  • Currently rented at £400 pcm (£4,800 pa)
  • Freehold
  • Electric shutters
  • Self contained retail unit
  • New roof
  • Excellent transport links
  • Ground floor approximately 420 Sq ft (Taken from EPC)

Address

127 Wentloog RoadRumneyCardiffCF3 3HE
Details
Map
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Property Details

•For Sale By Online Auction – 25th & 26th September 2019
•Guide Price: £35,000+
•Commercial Investment Opportunity
•Currently rented at £400 pcm
•Freehold

A single storey retail unit which currently operates as a bridal shop and is occupied on an informal basis at a rent of £400 pcm (£4,800 per annum). We are advised the property has recently had a new roof and benefits from UPVC double glazing, electric security shutters, kitchen and wc facilities.

The property occupies a prominent position along Wentloog Road in the Rumney district Cardiff. Cardiff city centre is approximately 3 miles to the south west. Access to the M4 is nearby providing links to Newport and Bristol in the east and Swansea in the west.

Services

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

Tenure

Freehold

Investment Analysis

We are advised the property is currently occupied on an informal basis at a rent of £400 pcm (£4,800 per annum), providing a gross yield of 13.5%.

Business Rates

The property has a rateable value of £2,600 per annum.

VAT

VAT if applicable will be charged at the standard rate.

Buyer's Premium

2% (min. £3,600) inc. VAT

Viewings

Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email property@johnpye.co.uk

Location Map

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