Freehold Residential Investment & Development Opportunity
Summary
- Large site extending to 0.21 hectares
- Fully let
- Asset management potential
- One of Wales’ fastest growing residential markets
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.
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Mainline Stations
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Barry5 mins
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Barry Island16 mins
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Barry Docks26 mins
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Cadoxton40 mins
Underground Station
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Reading1931 mins
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Twyford2022 mins
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Maidenhead2141 mins
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Taplow2176 mins
Further Information
Price Offers in excess of £900,000
Rates Payable Upon Enquiry
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.
Specifications
Period built 3 storey property containing 7 apartments.
The low site coverage could allow for further development, subject to planning.
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