Bidding opens Monday 23rd June 2025 at Midday and closes Wednesday 25th June 2025 at Midday.
Description
Bidding opens Monday 23rd June 2025 at Midday and closes Wednesday 25th June 2025 at Midday.
Opportunity to purchase a mixed use commercial / residential income producing investment which benefits from an annual income of £15,250.
The property is located on Castle Drive in the popular village of Dinas Powys opposite a shopping parade occupied by Tesco and a range of independent retailers. Dinas Powys is circa 5.5 miles south west of Cardiff City Centre and is situated on the A4055 road from Cardiff to Barry. It neighbours the larger town of Penarth.
The property comprises an end of terrace mixed use three storey property with a retail unit on the ground floor and a 3 bed residential mainsonette flat on the first and second floors.
Ground Floor The ground floor is currently occupied and fitted out for its current use as a barber shop comprising of 2 No rooms and a WC facility.
Flat A 3 bedroom maisonette flat with lounge, kitchen and bathroom, which is currently let and occupied.
Tenancy Information Ground Floor (Commercial)
Let at £7,750 per annum from 25th March 2025 expiring on 24th March 2030. There are fixed rent uplifts in 2026 & 2027 to £8,000 per annum and £8,500 per annum respectively. Rent is payable quarterly in advance on the usual quarter days.
First Floor & Second Floor (Residential) Let at £625 per calendar month, in our opinion the maisonette is under let and could offer betterment on the current income being generated.
Total income £15,250 per annum.
Viewings Via our partner agents Harris & Birt on 01446 771777.
Council Tax - C
Tenure: Freehold
EPC Rating: D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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