Bidding opens Monday 16th March 2026 at Midday and closes Wednesday 18th March 2026 at Midday.
Description
Freehold Mixed Use Investment with Development Opportunity
Buddsoddiad Defnydd Cymysg Rhydd-ddaliadol gyda Chyfle Datblygu
A detached retail parade comprising two mixed use investments, with respective ground floor commercial units together with two three-bedroom maisonettes above, and a separate ground floor double commercial unit and two separate three-bedroom maisonettes above.
We are advised that Unit 1-2 is currently let under a tenancy at will with a new 15 year lease being finalised at an annual rent of £11,000 per annum We understand that there will be a rent review in place for 2029 and every fifth year thereafter.
There is a lease in place for unit 3 along with 3A at £11,700 per annum which expires on the 28/10/2031.
There is a lease in place for unit 4 along with 4A at £11,000 per annum which expires on the 28/9/2032.
Therefore, the current annual income is £33,700 per annum.
There is no formal arrangement for the occupation of the maisonette at 1A. The three-bedroom maisonette above unit 2 being 2A is currently vacant.
There is scope for betterment by formally letting 1A and letting the currently vacant maisonette at 2A which would provide an additional income of circa £12,000 per annum per maisonette. Based on this, a combined gross annual income of £57,700 per annum could be achieved.
The parade at Chestnut Road is positioned overlooking green space and a parking area to the front, it has a good level of footfall and is located near a busy traffic light intersection. The area has a good array of shops, amenities and schools along with good transport links to the city centre and is also well positioned for the A48 and on to the M4. Each of the units have access to the rear yards for loading/access together with a balcony access to the maisonettes above. There is a narrow lawned area to the side of the parade which currently has an agreed head of terms and an extant planning permission which is included in the sale.
Rhodfa o unedau manwerthu ar wahân sy’n cynnwys dau fuddsoddiad cymysg, gydag unedau masnachol ar y llawr gwaelod ynghyd â dau fflat deulawr tair ystafell wely uwchben, ac uned fasnachol ddwbl ar wahân ar y llawr gwaelod a dau fflat deulawr tair ystafell wely uwchben.
Fe’n hysbysir bod Uned 1-2 ar hyn o bryd yn cael ei gosod o dan denantiaeth yn ôl dymuniad gyda phrydles newydd 15 mlynedd yn cael ei chwblhau am rent blynyddol o £11,000 y flwyddyn. Rydym yn deall y bydd adolygiad rhent ar waith ar gyfer 2029 a phob pum mlynedd wedi hynny.
Mae prydles yn weithredol ar gyfer uned 3 ynghyd â 3A am £11,700 y flwyddyn sy’n dod i ben ar 28/10/2031.
Mae prydles yn weithredol ar gyfer uned 4 ynghyd â 4A am £11,000 y flwyddyn sy’n dod i ben ar 28/9/2032.
Felly, yr incwm blynyddol presennol yw £33,700 y flwyddyn.
Nid oes trefniant ffurfiol ar gyfer meddiant yn y fflat deulawr yn 1A. Mae’r fflat deulawr tair ystafell wely uwchben uned 2, sef 2A, yn wag ar hyn o bryd.
Mae lle i gynyddu incwm drwy osod 1A yn ffurfiol a gosod y fflat deulawr sydd ar hyn o bryd yn 2A, a fyddai’n rhoi incwm ychwanegol o tua £12,000 y flwyddyn fesul fflat deulawr. Yn seiliedig ar hyn, gellid sicrhau incwm blynyddol gros cyfunol o £57,700 y flwyddyn.
Mae’r rhodfa yn Ffordd Chestnut yn edrych dros safle gwyrdd a maes parcio i’r blaen, mae ganddi lefel dda o gerddwyr yn pasio ac mae wedi’i lleoli ger croesffordd brysur sydd â goleuadau traffig. Mae gan yr ardal amrywiaeth dda o siopau, amwynderau ac ysgolion ynghyd â chysylltiadau trafnidiaeth da i ganol y ddinas ac mae hefyd mewn lleoliad da ar gyfer yr A48 ac ymlaen i’r M4. Mae gan bob un o’r unedau fynediad i’r iardiau cefn ar gyfer llwytho/mynediad ynghyd â mynediad balconi i’r fflatiau deulawr uwchben. Mae ardal gul o lawnt ar ochr y rhodfa sydd â phennawd telerau wedi’u cytuno ar hyn o bryd a chaniatâd cynllunio sy’n bodoli eisoes sydd wedi’i gynnwys yn y gwerthiant.
Tenancies/Tenantiaethau We are informed that the total current annual income is £33,700 per annum. Please refer to legal pack for further confirmation of tenancies, lease arrangements, agreed heads of terms and income.
Fe’n hysbysir bod y cyfanswm incwm blynyddol presennol yn £33,700 y flwyddyn. Cyfeiriwch at y pecyn cyfreithiol am gadarnhad pellach o denantiaethau, trefniadau prydles, penawdau telerau y cytunwyd arnynt ac incwm.
Viewings/Ymweliadau The vacant unit at 2A is available for inspection, please contact Auction House Wales on 02920 475184.
Mae’r uned wag yn 2A ar gael i’w harchwilio, cysylltwch ag Auction House Wales ar 02920 475184.
Council Tax Bands - Flat 1 - C
Flat 2 - C
Flat 3 - C
Flat 4 - C
Tenure: See Legal Pack
EPC Rating: C/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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- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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