Lot 75 - Plot 5 at Maindy Estate, Kennard Street, Ton Pentre, Pentre, CF41 7AY

  • Unconditional Online Auction Sale
  • Guide Price* : £5,500+
  • Bedrooms: 0

Lot 75 - Tenanted Land with Paddocks & Allotments

Description

ONLINE AUCTION from 30th JANUARY-1st FEBRUARY

A parcel of land located in the village of Gelli. The site is situated in a primarily residential area, and is within close proximity to agricultural/grazing land

The site is currently tenanted by a number of tenants and is comprised of paddocks and allotments, and is achieving an annual income of £1,239

We have been advised that the land totals approximately 1.56 acres

Subject to the relevant consents the land may be suitable for further development.

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Parcel Description Start Date/End Date Annual Rent Area (acres)
1644 Paddock East of 1 Kennard Street 1st October 2011/Monthly rolling £150 0.30
152 Allotment east side of
87 Kennard Street
1sr August 2022/Monthly rolling £88 0.11
234 Allotment east of 15 Wyndham Street 1st August 2023/Monthly rolling £65 0.06
155/226 2 allotments west of incline £70 0.09
1122 Paddock west of incline 1st April 2006/Monthly rolling £320 0.45
148 Allotment west side of incline
east end of Kennard Street
1st March 2023/Monthly rolling £76 0.09
154 Allotment adj No.152 1st August 1995/Monthy rolling £180 0.21
229 Allotment west of incline 1st March 2019/Monthly rolling £90 0.11
233 Allotment west of incline 1st July 2019/Monthly rolling £70 0.08
1327 Allotment west of incline 1st April 2005/Monthly rolling £60 0.06
1154 / 1507 Garage Site TBC £90 Edit

Tenancies

To be sold tenants in situ

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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Paul Fosh Auctions
01633 254044

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