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ONLINE AUCTION 11th JUNE 2020
A recently refurbished and upgraded semi detached property comprising six studio flats, 3 of which are now let. The flats benefit from new kitchens with appliances, refitted shower room/wcs and is very well presented throughout. The property also benefits from UPVC double glazing, gas central heating (not tested), has off road
parking and a garage/storage unit which may offer scope for further development (subject to necessary planning consents). The property is situated on Newport Road which is one of the main arteries into Cardiff city centre from the east and is ideally situated for local amenities, shopping facilities and transport links.
Tenant | Rent |
---|---|
Floor | Description |
Ground | Communal hallway |
Ground (Studio 1) | Living area/kitchen, shower room |
Ground (Studio 2) | Living area/kitchen, shower room |
Ground (Studio 3) | Living area/kitchen, shower room |
First | Landing |
First (Studio 4) | Lobby area, living area/kitchen, shower room |
First (Studio 5) | Living area/kitchen, shower room |
First (Studio 6) | Living area/kitchen, shower room |
Outside | Driveway to front with parking area, garage with storage area, offering scope to improve, rear garden |
3 of the flats are now let at £550.00 per calendar month
Total annual income when fully let £39,600
Potential Rental When Fully Let Income: £43,200 pa
For further details, please email Adrian at adrian@paulfoshlettings.com
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 £975) 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.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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