85 – 87 Harris Avenue, Rumney, Cardiff CF3 1QB – Development/Investment Opportunity

A pair of semi detached mixed use properties, both comprising of a retail unit to the ground floor and a three bedroom maisonette to the upper floors. To the rear of the property is a pair of single garages. We are informed that the garage belonging to no.87 is vacant whilst the other is held under the current lease arrangement for no.85. In our opinion, the property offers an excellent investment opportunity and a further significant development opportunity of the entire site (please see site development brief prepared by Cardiff Council within the legal pack for further information). We are informed that the current income sits at £9,000 per annum on an internal repairing lease basis. This income is generated by way of no. 85 being leased by way of a 10 year term from 26th October 2019 at £9,000 per annum and we are advised that no. 87 is vacant. Please note that we have not internally inspected the properties at the time of release.