4 bed terraced house

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4 bed terraced house

City Road, Cardiff CF24
£895,000

Price History

Initial price £950,000
08/02/24 £895,000
Price Change -5.79%

Description

The property comprises a mixed use building with a large commercial unit on the ground floor, garage, and three self-contained flats on the first and second floors. The commercial unit is currently let to a Chinese supermarket and has a total area of 1,238 sq. ft. with a rear stock room, kitchen, toilet, and garage. The three flats are let on occupation contracts under the Renting Homes (Wales) Act 2016 and have a total area of 4,083 sq. ft. with a total rent of £20,000 per annum. The flats are spacious and have a good mix of living and bedroom space, with the largest flat covering the whole second floor of the building. The current rents are significantly below market rates and could be increased substantially.