Lot 64 - 2 Kingsland Road, Canton, Cardiff, CF5 1HU

  • Unconditional Online Auction Sale
  • Guide Price* : £275,000+
  • Bedrooms: 5

Lot 64 - Investment Opportunity

Description

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.

Virtual Tour:

Council Tax Band

B

Accommodation

Floor Description Rent
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
First Floor
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
Second Floor
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)

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

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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