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ONLINE AUCTION from 29th AUGUST - 31st AUGUST
A substantial freehold block of five flats that are let to established tenants. The property is let and managed by Can Do lettings which is a social letting agency who provide supportive property management solutions for tenants and offer a landlord a hands-off approach to their properties.
This end of terrace property is situated in a highly sought after location close to local amenities and shops and transport links to Cardiff city centre.
The flats benefit from gas central heating (not tested) and have UPVC double glazing.
The tenants are well established with some being in occupation for several years or so.
|Ground Floor||Entrance Hallway|
|Flat 1||Entrance, lounge/kitchen, bedroom, shower room/wc||Let at £523.55 pcm|
|Flat 2||Entrance, lounge, bedroom, kitchen, bathroom||Let at £523.55 pcm|
|Flat 3||Entrance, lounge/kitchen, bedroom, shower room/wc||Let at £414.24 pcm|
|Flat 4||Entrance, lounge/kitchen, bedroom, shower room/wc||Let at £523.55 pcm|
|Flat 5||Lounge/kitchen, bedroom, bathroom||Let at £414.24 pcm|
|Total Monthly Rent||£2399.13 pcm|
|Total Annual Rent||£31,188.69 pa|
|Outside||Forecourt & rear garden with lane access (access from flat 2)|
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) 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.
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