The College Tavern, North Road, Maindy, Cardiff, CF14 3AE
- 7 X FIRST FLOOR MAISONETTES
- COMMERCIAL LEASE UNTIL JUNE 2023
- HIGH QUALITY FINISH THROUGHOUT
- WITHIN CLOSE PROXIMITY TO CITY CENTRE
- CURRENTLY ACHIEVING £83,400.00 EXC VAT PER ANNUM
- MODERN COMMERCIAL UNIT
- DOUBLE GLAZED THROUGHOUT
**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 premises and seven first floor maisonette apartments, this property is a 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 benefits from a rental income of £24,461.54 per annum and the other part of the premises benefits from a rental income of £5,538.46 per annum.
This property also includes seven first-floor maisonettes, of which all are neutrally decorated, with generous living spaces and bedrooms, and all fitted with modern kitchens and bathrooms. The rental income of these seven residential properties amounts to £4,450 PCM.
The combined annual income for the building amounts to £83,400.00 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. Access rights to one of the flats in the block will have to be granted to the current leaseholder to any purchaser, as this property is currently on a separate lease agreement (not included in this listing).