Sully is an affluent coastal town situated between Penarth and Barry in the Vale of Glamorgan, 7 miles south-west of Cardiff.

55 South Road sits on the B4267 – which is the main route through Sully joining it with Barry and Penarth.  The property sits in a mainly residential area with Sully Surgery, The Post Office and Coffee Gallery close by and the The One Stop benefits from limited competition in the town.

The property comprises a One Stop Convenience Store on ground floor with two 3 bed apartments above that benefit from sea views from the above and a yard with potential for development at the rear.

The total rental income from the ground floor convenience store and two upper floor apartments is presently £45,120 per annum.

The property is freehold and offers are sought in the region of £990,000 subject to contract and VAT.

A purchase at this level reflects a Net Initial Yield of 4.31% assuming purchaser’s costs of 5.64% – and a capital value of £252.74 psf.