5, Castle Court, Dinas Powys

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Mixed use end of terrace property producing an annual income of £15,250 • Ground floor shop let at £7,750 per annum with lease expiry on 24th March 2030 with fixed rental uplifts • First floor flat let at £625 per calendar month • Available immediately subject to existing tenancy agreements • Located in popular village of Dinas Powys • EPC Rating: GF (D-99) FF (D-63)

Location: • Nearest Station: Eastbrook Station • Distance to Station: 0.3 miles

Agent Information: • Address: Caerphilly Road, Rhiwbina, Cardiff, CF14 4QF

Full Description: Opportunity to purchase a mixed use commercial / residential income producing investment which benefits from an annual income of £15,250.Location - The property is located on Castle Drive in the popular village of Dinas Powys opposite a shopping parade occupied by Tesco and a range of independent retailers. Dinas Powys is circa 5.5 miles south west of Cardiff City Centre and is situated on the A4055 road from Cardiff to Barry. It neighbours the larger town of Penarth.Description - The property comprises an end of terrace mixed use three storey property with a retail unit on the ground floor and a 3 bed residential mainsonette flat on the first and second floors. The ground floor is currently occupied and fitted out for its current use as a barber shop comprising of 2 No rooms and a WC facility. The first floor comprises a 3 bedroom maisonette flat which is currently let and occupied.Accommodation - From measurements on site we have calculated the following approximate floor areas on a Net Internal basis:Ground Floor 493 sq ft (45.85 sq m) First Floor 807 sq ft (75 sq m)Services - The property benefits from mains electric, gas, water and drainage. We have not tested any of the service installations and prospective occupiers must satisfy themselves as to the state and condition of such items prior to completion.Price - Offers in Excess of £250,000Tenure - The property is available on a Freehold basis subject to the existing tenancy agreements as per the schedule below.Tenancy Information - Ground Floor (Commercial) Let at £7,750 per annum from 25th March 2025 expiring on 24th March 2030. There are fixed rent uplifts in 2026 & 207 to £8,000 per annum and £8,500 per annum respectively. Rent is payable quarterly in advance on the usual quarter days. First Floor & Second Floor (Residential) Let at £625 per calendar month Total income £15,250 per annumEpc Rating - EPC Rating: GF (D-99) FF (D-63)Vat - All figures quoted are exclusive of Value Added Tax (VAT). Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction. However, in this instance we understand that VAT is not payable.Business Rates - We have made online enquiries of the Valuation Office who confirm the following Rateable Value:-Ground Floor Shop Rateable Value: £3,600Uniform Business Rate (UBR) 2024/25: 56.2 Gross Rates Payable: £2,023.20 We advise all interested parties to make their own enquiries with the Valuation Office Agency and Local Authority in relation to Small Business Rates Relief.Council Tax - First Floor Flat Council Tax Band: CPlans, Areas & Schedules - Any plans within these particulars are published for illustration purposes only and are not to scale.Legal Costs - Each party are to be responsible for their own legal costs occurred in this matter.Anti Money Laundering - As part of our obligation under the UK Money Laundering Regulations 2017, Harris & Birt will require any purchaser or tenant to provide proof of identity along with any other supporting documents requested.Arrange A Viewing - Strictly by appointment only with the sole agents Harris & Birt. Please contact our office or email to arrange a viewing appointment.Contact: Daniel Jones MSc BSc (Hons) MRICS or Kelly Lakin BSc (Hons) MNAEA (Comm) in the Land & Commercial team. / .All Enquiries - Harris & Birt Chartered Surveyors65 High StreetCowbridgeVale of GlamorganCF71 7AFBrochure created 02.12.2024