Investment Opportunity For Sale

Business description

"NEW REVISED PRICE"
THE PROPERTY
The property comprises two separate retail units to the ground floor, one commercial garage/workshop/office and stores to the ground and lower ground floor and a 3-bedroomed apartment to the first and second floors.
Approximate sizes:
Shop Unit 1, 450 sq.ft.
Commercial Garage/Workshop: 1,080 sq.ft.
Office and Stores: 540 sq.ft.
Apartment: Kitchen: 18ft x 11ft. Bathroom 10ft x 6ft. Lounge/Diner: 28ft x 16ft. Bedroom 1: 16ft x 12ft. Bedroom 2: 12ft x 9ft. Bedroom 3: 18ft x 9ft.

COMMENT
This is a good opportunity to acquire a substantial property with good rental income.

REFURBISHMENT The property has been kept to a very high standard of decoration and maintenance and both shops have been fully refitted and refurbished in the last two to three years. The whole property is bright and cleanly presented and viewing is highly recommended.

RATEABLE VALUES/
COUNCIL TAX We are informed that the rateable values are as follows - current year is 2008/09 (Rhondda Cynon Taff Council):
10a Llwynypia Road - £1,650 - business rates payable for the current year £768.90.
10b Llwynypia Road - £2,225 - business rates payable for the current year £1,036.85.
Flat is Band A for council tax purposes.

Our Clients are selling the Freehold interest subject to the following: Both the retail units and the garage workshop are rented out to long-standing tenants of a minimum of four years. Shop A is let at £3,660 per annum. Shop B is let at £3,840 per annum. The garage workshop is let at £5,200 per annum. The flat has recently been refurbished and is currently let at £4,800 per annum.

Property information

Property:

Freehold

Location:

The property is located in the Rhondda Valley town of Tonypandy midway between Treorchy to the north and Pontypridd to the south. It is located on the main B4223 Llwynypia Road in amongst a busy parade of shops and opposite the council buildings and the main town centre car park.