£900,000
Studio flat for sale
Barry CF62
studio Flat Property description
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.
Property photos
Interested in this property?
Check Your Credit Report & Score 
Council tax
First listed
Over a month agoBarry CF62
Marketed by
Avison Young - Land and Development 65 Gresham St London EC2V 7NQCall agent on 01782 966122
Placebuzz mortgage repayment calculator
Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Barry CF62 - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Avison Young - Land and Development. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Avison Young - Land and Development for full details and further information.
property_vrec_1