Lot 62 - 4 Wellfield Road, Cardiff, CF24 3PB

  • Unconditional Online Auction Sale
  • Guide Price* : £360,000+
  • Bedrooms: 2

Addendum

This lot has been withdrawn from the auction.

Commercial/Residential Investment Opportunity

Description

An opportunity to acquire a retail unit with self contained flat above situated in one of Cardiff's most vibrant and sought after locations. The retail unit has been occupied by the RSPCA for approximately 15 years and the flat has always enjoyed good occupancy levels.

The local area is well known for it's wealth of restaurants, cafes, independent shops and national chains such as Tesco, Greggs and Cafe Nero.

Accommodation

Ground Floor: Retail sales area with step up to rear level, rear office, cloakroom/wc, basement storage
First Floor Flat: Separate ground floor access with stairs to first floor, hallway, spacious lounge with window opening onto decking area with seating and balustrade, kitchen/diner with breakfast bar, 2 double bedrooms, bathroom
Outside: Rear yard with lane access

Tenancies

Ground floor let at £18,000 pa on a 15 year lease
First Floor Flat let on AST at £12,600 pa
Total: £30,600 pa

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 £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.

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