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BR2146/250811 FOR SALE FREEHOLD INVESTMENT 754 NEWPORT ROAD RUMNEY CARDIFF CF3 4FF OFFERS INVITED GUIDE PRICE £375 / £380,000

BR2146/250811
FOR SALE
FREEHOLD INVESTMENT
754 NEWPORT ROAD RUMNEY CARDIFF CF3 4FF
OFFERS INVITED GUIDE PRICE £375 / £380,000

DESCRIPTION LOCATION & DIRECTIONS; Barbara Rees Commercial is pleased to offer this freehold investment, to be sold with the benefit of the existing tenancies and rental income.

The property comprises a modern two storey, retail commercial unit and part residential property, occupied by a well established hair salon on the ground floor.

The rear ground floor and first floor provides residential accommodation to include a lounge / kitchen / diner, utility area and ground floor cloakroom, three or four first floor bedrooms, a hallway and bathroom. To the rear is an enclosed garden.

The property fronts directly onto Newport Road, having a prominent visual frontage and staff at our Cardiff office will provide local directions upon request.

VIEWING; Strictly accompanied viewing only, by prior appointment via our Cardiff office.

GROUND FLOOR; Occupied by Jelajo hair salon via the terms of a 15 year lease commencing from 25th December 2001with rent reviews every four years, effective from the 25th December 2006.

RESIDENTIAL PARTS; Spacious and modern residential accommodation accessed via a side street entrance / storage / utility area and cloakroom, access to the rear garden.

GROUND FLOOR; Lounge / kitchen / diner, modern light beech, fitted kitchen with built in appliances, access to the first floor.

FIRST FLOOR; Hallway and landing, front room (suitable for use as lounge or bedroom), three additional bedrooms, bathroom with a modern white suite.

EXTERIOR; Enclosed rear garden.

USER; Mixed retail / residential use.

GUIDE PRICE; £ 375 / £ 380,000 for the freehold interest (with the benefit of and subject to any existing tenancies).

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property is of freehold tenure and has the benefit of all mains services although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser or via the acting solicitors. The property is to be sold with the benefit of any existing tenancies and rental income. The property offers potential to achieve an annual rental in the region of £26,000 p/a. For details of the passing rent in respect of the commercial parts please contact J Paul Rees of Barbara Rees on 07970849106. At the time of instruction, the residential parts were vacant and being marketed for re-letting with the residential accommodation having previously produced a gross monthly rental of circa £750 p/c/m.

COMMERCIAL MORTGAGE / BUSINESS LOAN; Available subject to status, please ask for an appointment with our independent financial advisor.