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103 Bedrooms Property for sale in Richmond Square, Richmond Road, Cathays

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103 Bedrooms Property - £8,500,000

Richmond Square, Richmond Road, Cathays

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First listed on: 06th June 2016

Nearest stations: Cathays (0.4 mi)Cardiff Queen Street (0.5 mi)Cardiff Central (1 mi)Cardiff Bay (1.6 mi)Ninian Park (1.6 mi)

Interested in this property? Call See phone number 02920 489000

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Property Features

  • 77 flats providing a total of 103 bedrooms
  • 660,000 gross income for the 2016-2017 academic y
  • Close to Cardiff University and the City Centre
  • Professional Management in Place
  • Potential for break up sales

Property Description

A superb opportunity to acquire a professionally managed purpose built quality development designed for the rental market but with potential for open market sales. The scheme comprises three elements, Richmond Square, Richmond Apartments and 109 Richmond Road and totals 77 flats with 103 double bed rooms generating a gross annual income of £660,000 for the 2016-2017 academic year.
Located in the heart of Cardiff\'s most popular student location approximately 1.60km (1 mile) from Cardiff City Centre and is within 0.8km (0.5 mile) of many of the University Faculty Blocks. The development is also a very popular attraction for professional occupiers due to being conveniently situated close to a variety of local shops restaurants and other leisure outlets within the vicinity. Viewings are strictly by appointment.

Richmond Square

This is the principal part of the development being offered for sale. It was completed in 2010 and provides 65 units and a total of 70 double bed rooms. The scheme was designed to compliment the period Richmond Road street scene with a central courtyard and garden. There are 17 types of apartment arranged as follows.Block 112x 1 bed flats, Flats 1-12Block 24x 1 bed flats and 2x 2 bed Duplex, Flats 13-18Block 34x 1 bed flats and 2x 2 bed Duplex, Flats 19-24Block 414 x 1 beds and 1x 2 bed Duplex, Flats 25-39Block 513x open plan 1 beds, 9x open plan Duplex and4x 1 beds, Flats 40-65

Richmond Apartments

This is a purpose built detached 3 storey block to the south of Richmond Square constructed in 2002 and refurbished in the last 2/3 years. It is laid out as 6 x 4 bedroom apartments and 2 x 2 bedroom apartments providing 28 double bedrooms in total. There is planning consent for the provision of dormer windows which will enhance the layout of the top floor apartments.

109 Richmond Road

Adjoining the Richmond Square block to the north, this property comprises a new build end of terrace house incorporated into the main scheme but with potential for separation. This property provides 3 x 1 bedroom flats and 1 no 2 bedroom flat. ( 5 Double bedrooms in total) Access is from Richmond Road with 35 car parking spaces including 2 disabled spaces all within in the central courtyard. A real lane provides access to 16 space integral garage with a further 3 spaces to the rear of 109 Richmond Road. A managers office and store room is incorporated into the Richmond Square block.

EPC

Richmond Square: The majority of units are rated Category C.109 Richmond Road: Two apartments are rated Category C, two apartments Category D.Richmond Apartments: Category C.

Services

Mains gas, water and electricity are connected. There are gas fired boilers in Richmond Apartments, underfloor heating in Richmond Square and 109 Richmond Road.We are advised that a fibre optic 1GB service is currently being installed.

Viewings

Viewings are strictly by appointment and all other enquiries regarding further information should be directed to sales@keylet.co.uk or 02920 489000 (option 1).

Tenure

Freehold

Personal Interest

**agents note: In accordance with the Estate Agents Act 1979, we are obliged to inform all interested parties that some of the directors of the company selling the development are members of Keylet**

CPRs

The Consumer Protection from Unfair Trading Regulations 2008 & Consumer Protection (Amendment) Regulations 2014: Keylet Sales have not tested any, equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit for the purpose. These particulars are intended to give a fair and overall description for the guidance of intending purchasers and do not constitute an offer or part of a contract. All descriptions, references to condition, necessary permissions for use and occupation and other details are given in good faith and are believed to be correct. Intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or seek their own professional advice. All measurements are approximate.

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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
07/06/2016 Property listed at £8,500,000

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Disclaimer

Disclaimer Property reference VE_26309691. Details are provided and maintained by Keylet Sales & Lettings. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Keylet Sales & Lettings, Cardiff

117 -120 Bute Street

Cardiff Bay

Cardiff

CF10 5AE

Telephone: See phone number 02920 489000

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference VE_26309691. Details are provided and maintained by Keylet Sales & Lettings. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Keylet Sales & Lettings, Cardiff

117 -120 Bute Street

Cardiff Bay

Cardiff

CF10 5AE

Telephone: See phone number 02920 489000

Arrange Viewing Arrange Viewing with Agent

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