Upper Floor, Glynteg House, Richs Road, Ely, Cardiff, South Glamorgan, CF5 4AA

ONLINE AUCTION from 29th JULY-31st JULY 2025 Incredible investment opportunity to own a large apartment/office space. The former keeper used the space as a mix of living space and utilised as an office. The apartment measures 156SQM and offers 8 bedrooms. The potential and ideas on this space are endless (subject to necessary planning). Layout: Spacious 8 bedrooms with office, dining room, kitchen, lounge, WC, 3 x bathroom and loft space. Value-Add Opportunities: Loft conversion and modernisation can turn this unique large apartment or HMO and create a fantastic space. Refurbishment and re-sell. Could also be turned into multiple apartments for rental / re-sale / serviced accommodation. Rental projections - One large apartment of this size could be rented to a family for around £2,500pcm due to its size and spacious element. If an application was made for a HMO (house of multiple occupation) room rates of £650pcm per bedroom would be expected generating 8 rooms at £650pcm would bring a yearly income of £62,400 per year. A large serviced accommodation for short term let's could also be offered due to its large nature this again would bring a healthy return of rental on a monthly basis. Could also be rented out as an office space or could be refurbished and re-sold on the open market this would create an unique opportunity and a high GDV would be achieved due to the size of the 156sqm property. The property is located within Ely on the A48 which is the main arterial road running east to west through Cardiff. The property is approximately 3 miles to the west of Cardiff City Centre and provides ease of access to Junction 33 of the within 6 miles, approximately 15 mins drive time. The Waun-Gron Park Railway Station is within an 8 minute walk and provides direct access in to the City Centre. VIRTUAL TOUR Accommodation First Floor: 1677 sq. ft (156 sqm) Council Tax Band C Tenancies To be sold with vacant possession. INVESTORS : If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email [email protected] for invaluable advice. Tenure Advised Leasehold - to be verified by solicitor. 999 year lease with £1 ground rent ( share of freehold). Auction Fees And Additional Costs Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated. Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details. * Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.