Lot 71 - Apartment 23 The Grand, 5-7 Westgate Street, Cardiff, CF10 1AR

  • Unconditional Online Auction Sale
  • Guide Price* : £87,000
  • Bedrooms: 1

Lot 71 - Residential Investment

Description

ONLINE AUCTION from 9th APRIL - 11th APRIL

An opportunity to acquire a ground floor apartment that is sold with a tenant who has been in occupation for approximately 8 years and are keen to remain long term.

The property is well presented and is situated in the heart of Cardiff within a short distance of the wealth of shops, bars and restaurants that Cardiff has to offer and a short walk from the Principality Stadium, the castle and Bute Park.

The flat benefits from fitted kitchen with appliances, fitted bathroom and has electric storage heaters (not tested).

VIRTUAL TOUR

Accommodation

Ground Floor: Entrance, kitchen, lounge, steps to mezzanine bedroom area, bathroom

Council Tax Band

D

Lease Start Date

01/01/2002

Lease Duration

999 years (977 years unexpired)

Annual Ground Rent

£120

Annual Service Charge

£3,584

Tenancies

Let at £775 pcm (£9,300 per annum)

Tenure

Advised Leasehold - 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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