Guide price
£39,000
Studio for saleGround Floor, Glynteg House Station Terrace, Ely, Cardiff, South Glamorgan CF5
Just added
Auction
Freehold
About this property
Advised Leasehold - to be verified by solicitor. New lease 999 year lease with £1 Ground rent per annum.
To be sold with vacant possession. Investors If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a...
For sale by online auction - Lot 9 - Residential / Commercial Investment Opportunity
Bidding opens: 02/09/2025 12:00
Auction scheduled to end: 04/09/2025 17:18
online auction from 2nd September - 4th September 2025
Incredible investment opportunity to own a large ground floor apartment/office space. The former keeper used the space as a mix of living space and utilised as an office. The apartment measures 156SQM and offers the potential to be split into 8 bedrooms. The potential and ideas on this space are endless (subject to necessary planning).
Value-Add Opportunities: Modernisation can turn this into a unique large apartment or HMO and create a fantastic space. It could be refurbished and re-sold, or be turned into multiple apartments for rental / re-sale / serviced accommodation.
Rental projections - One large apartment of this size could be rented to a family for around £2,500pcm due to its size and spacious element.
If an application was made for a HMO (house of multiple occupation) room rates of £650.00 pcm per bedroom would be expected. Generating 8 rooms at £650.00 pcm would bring a yearly income of £62,400.00 per year.
A large serviced accommodation for short term let's could also be offered due to its large nature, and again would bring a healthy return of rental on a monthly basis.
The property could also be rented out as an office space or could be refurbished and re-sold on the open market. This would create a unique opportunity and a high gdv would be achieved due to the size of the 156sqm property.
The property is located within Ely on the A48 which is the main arterial road running east to west through Cardiff. The property is approximately 3 miles to the west of Cardiff City Centre and provides ease of access to Junction 33 of the within 6 miles, approximately 15 mins drive time. The Waun-Gron Park Railway Station is within an 8 minute walk and provides direct access in to the City Centre.
Tenure:
Advised Leasehold - to be verified by solicitor.
New lease
999 year lease with £1 Ground rent per annum.
Tenancies:
To be sold with vacant possession.
Investors If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email for invaluable advice.
Bidding opens: 02/09/2025 12:00
Auction scheduled to end: 04/09/2025 17:18
online auction from 2nd September - 4th September 2025
Incredible investment opportunity to own a large ground floor apartment/office space. The former keeper used the space as a mix of living space and utilised as an office. The apartment measures 156SQM and offers the potential to be split into 8 bedrooms. The potential and ideas on this space are endless (subject to necessary planning).
Value-Add Opportunities: Modernisation can turn this into a unique large apartment or HMO and create a fantastic space. It could be refurbished and re-sold, or be turned into multiple apartments for rental / re-sale / serviced accommodation.
Rental projections - One large apartment of this size could be rented to a family for around £2,500pcm due to its size and spacious element.
If an application was made for a HMO (house of multiple occupation) room rates of £650.00 pcm per bedroom would be expected. Generating 8 rooms at £650.00 pcm would bring a yearly income of £62,400.00 per year.
A large serviced accommodation for short term let's could also be offered due to its large nature, and again would bring a healthy return of rental on a monthly basis.
The property could also be rented out as an office space or could be refurbished and re-sold on the open market. This would create a unique opportunity and a high gdv would be achieved due to the size of the 156sqm property.
The property is located within Ely on the A48 which is the main arterial road running east to west through Cardiff. The property is approximately 3 miles to the west of Cardiff City Centre and provides ease of access to Junction 33 of the within 6 miles, approximately 15 mins drive time. The Waun-Gron Park Railway Station is within an 8 minute walk and provides direct access in to the City Centre.
Tenure:
Advised Leasehold - to be verified by solicitor.
New lease
999 year lease with £1 Ground rent per annum.
Tenancies:
To be sold with vacant possession.
Investors If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email for invaluable advice.
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