The College Tavern, North Road, Maindy, Cardiff, CF14 3AE

£1,250,000 Fixed Price
  • Ref: Sales_303
  • Availability: For Sale
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Property Features

  • 8 X FIRST FLOOR MAISONETTES
  • COMMERCIAL LEASE UNTIL JUNE 2023
  • HIGH QUALITY FINISH THROUGHOUT
  • WITHIN CLOSE PROXIMITY TO CITY CENTRE
  • CURRENTLY ACHIEVING £96,740.88 EXC VAT PER ANNUM
  • MODERN COMMERCIAL UNIT
  • DOUBLE GLAZED THROUGHOUT

Property Summary

**NO ONWARD CHAIN** James Douglas Sales and Lettings are delighted to market this exceptional investment opportunity situated in Maindy, Cardiff. With a ground floor commercial premisis and eight first floor maisonette apartments, this property is an fantastic opportunity if you're looking to invest in the Capital of Wales.

Full Details

**NO ONWARD CHAIN** James Douglas Sales and Lettings are delighted to market this exceptional investment opportunity situated in Maindy, Cardiff. With a ground floor commercial premisis and eight first floor maisonette apartments, this property is an fantastic opportunity if you're looking to invest in the Capital of Wales.

The premises features a modern bar/pub with generous function space and seating areas. There's also the bar itself, along with a fully functioning kitchen, dining area, beer garden and cellar. The ground floor is decorated to a modern taste with double glazing throughout. The commercial part of the premises is currently leased until June 2023. The ground floor lease currently achieves £30,000 excluding vat, rising to £33,000 excluding vat per annum in 2021.

Commercial Rental Income Breakdown:

One part of the building is elected for VAT with a rental income of £24,461.54 exc vat per annum and the other part of the premises is not elected for VAT with a rental income of £5,538.46 per annum.

This property also includes eight first floor maisonettes and one Ground Floor Apartment. All of the residential properties a neutrally decorated, with generous living spaces and bedrooms, and all fitted with modern kitchens and bathrooms. The rental income of the residential properties amounts to £5730 PCM.

The combined annual income for the building amounts to £96,740.88 exc vat.

The property's location is on North Road, Maindy which is situated within a short commute to the City Centre and Cardiff University.

Note: A selection of the photographs are taken of the Commercial premises and Maisonettes. Part of the building is subject to vat on the purchase price.

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You can pop in to our show room or drop us an email or give us a call.

PHONE : 02920 456 444
FAX : 0871 528 9195
E-MAIL : info@james-douglas.co.uk
ADDRESS : 1, St. Martin’s Row, Albany Road, Cardiff CF24 3RP

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