Long leasehold residential investment. Retirement housing 7 flats within a block of 45 Producing £16,020 per annum (part vacant) 7...
*Unsold, the last bid was £415,000. Please refer to Auctioneer for Reserve*
Addendum Birch Court, Latteys Close, Cardiff Flat 20 is now vacant and Flat 45 has recently sold. We are now offering six retirement units, five are vacant and one is producing £8,220 per annum.
LOCATION Summary: Seven flats within a block of 45 flats in a mainly residential area Miles: Newport 4 miles, Bristol 25 miles Roads: A48, A469, A470, M4 Rail: Cardiff Central Nearby Occupiers: University Hospital of Wales, Birch Grove Surgery, ALDI Supermarket
DESCRIPTION The property comprises 7 flats in a block of 45, within a modern three storey building of brick construction beneath a pitched tiled roof. The building is a retirement complex and has gated parking and a communal garden. Each flat has a bedroom, reception room, kitchen, bathroom/wc. The property can be reached via Caerphilly Road and Phoenix Way.
TENURE Leasehold for a term of 125 years from 01/01/2016 at £395 pa (x7 flats)
PLANNING Cardiff Council (029 2087 2087) www.cardiff.gov.uk
VAT Refer to the legal documentation
ENERGY PERFORMANCE CERTIFICATE See website
The areas have been supplied by the vendor. The flats are for the use of over 55 year olds only.