Phyllis Street, Barry

INVESTMENT OPPORTUNITY Situated in the vibrant area of Barry, Phyllis Street presents an exceptional opportunity for discerning investors. This remarkable residential investment property, located at Triangle House, comprises seven one bedroom self-contained flats, each designed to offer comfortable living spaces. This apartment complex is fully occupied, providing a steady stream of rental income.
The property boasts an impressive annual rental income of approximately £42,587.64, translating to a gross rental yield of approximately 7.10% based on the asking price of £600,000. The current monthly rental income stands at approximately £3,548.97, making it an attractive proposition for those looking to expand their investment portfolio. Each flat is currently tenanted, with the exception of one bedsit, ensuring immediate cash flow for the new owner.
The energy performance of the property is commendable, with five of the seven flats achieving an EPC rating of C, while the remaining two hold a rating of D. This good spread of ratings reflects the property’s energy efficiency and potential for future improvements.
Situated close to the popular Barry Island, this location offers not only a desirable living environment but also the potential for capital appreciation. This investment opportunity is ideal for those seeking a well-established multi-unit residential property with multiple income streams. Early enquiries are highly recommended to secure this lucrative investment in a thriving area.