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Asking price £2,000,000
Library CourtFairoak Road, Cardiff
- Under offer
Key features
- 34 rooms arranged in cluster flats of 5 and 6 bedrooms
- 0.8 miles from Cathays Park and 1 mile from Heath University Hospital of Wales
- Recently redeveloped in 2017 to an excellent standard
- Gross rental income of £175,032 pa
- An additional income of £6,630 pa from utility contribution fee
- Freehold
Prime student investment opportunity in the heart of Cardiff
About this property
Library Court comprises a three storey purpose built student accommodation scheme of 34 rooms arranged in cluster flats of five and six bedrooms that was redeveloped in 2017 and later extended. The property has been developed to an exceptional standard with all flats being well-equipped and interior designed. Gross rental income of £175,032 per annum plus an additional income of £6,630 per annum from a utility contribution fee.
Local information
- The property is in a prime location, situated to the north of Cathays in close proximity to Whitchurch/Crwys Road which is a main thoroughfare leading through Cathays to the city centre. The property is 0.8 miles north of Cathays Park, and 1 mile south-east of Heath Park at the University Hospital of Wales.