Offers over
£900,000
(£40.51/sq. ft)
Town house for sale8 Park Road, Barry CF62
22,216 sq. ft
Freehold
About this property
Large site extending to 0.21 hectares
Fully let
Asset management potential
One of Wales’ fastest growing residential markets
Description
Freehold residential investment & development opportunity (subject to planning) located on one of Barry’s most sought after residential streets.
Large site extending to 0.21 hectares (0.51 acres) with a low existing site coverage of c.12%.
Barry is one of Wales’ fastest growing residential markets with average house prices having reportedly surged 11% last year.
Fully let on occupation contracts with a number of longstanding tenants.
Asset management potential, through refurbishment or redevelopment, in an area with an attractive wider regeneration story.
Total existing gross rental revenue of £53,340 per annum.
We are instructed to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT.
Location
Barry is a vibrant coastal town in the Vale of Glamorgan, approximately 9 miles southwest of Cardiff. Once renowned as the world's largest coal exporter, Barry has evolved into a vibrant community supporting both local industry and a commuter base serving the Capital City.
Specifications
Period built 3 storey property containing 7 apartments.
The low site coverage could allow for further development, subject to planning.
Freehold residential investment & development opportunity (subject to planning) located on one of Barry’s most sought after residential streets.
Large site extending to 0.21 hectares (0.51 acres) with a low existing site coverage of c.12%.
Barry is one of Wales’ fastest growing residential markets with average house prices having reportedly surged 11% last year.
Fully let on occupation contracts with a number of longstanding tenants.
Asset management potential, through refurbishment or redevelopment, in an area with an attractive wider regeneration story.
Total existing gross rental revenue of £53,340 per annum.
We are instructed to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT.
Location
Barry is a vibrant coastal town in the Vale of Glamorgan, approximately 9 miles southwest of Cardiff. Once renowned as the world's largest coal exporter, Barry has evolved into a vibrant community supporting both local industry and a commuter base serving the Capital City.
Specifications
Period built 3 storey property containing 7 apartments.
The low site coverage could allow for further development, subject to planning.
.png){kind=logo}