Lot 76 - Shop and Flat at 278 North Road, Cardiff, CF14 3BN

  • Unconditional Online Auction Sale
  • Guide Price* : £220,000 +

Commercial/Residential Investment,

Description

ONLINE AUCTION from 16th MARCH-18th MARCH

A substantial freehold building comprising a ground floor retail unit and first floor duplex apartment. The property occupies a prominent position, just off one of the main arteries into Cardiff city centre and on the corner of North Road and Laytonia Avenue.

The property is an ideal investment opportunity for a landlord as the ground floor is let to a beauticians and the flat occupied by an established tenant.

Measurements:
Ground Floor unit - 91.4 sq m (984 sq ft)
First Floor - 91.5 sq m (985 sq ft)

Accommodation

Ground Floor Retail Unit: Main reception/waiting area, 3 treatment rooms, kitchen,wc
First Floor Flat: Entrance hall, bathroom, kitchen/dining area, bedroom, lounge
Second Floor: Bedroom
Outside: Rear yard area

Tenancies

Beauticians let at £700 per calendar month (3 year agreement with a break clause after year one for the tenant to exercise should they wish. It runs from October 2020 to October 2023).

Flat let at £650 per calendar month from 20/11/20 on an Assured shorthold tenancy agreement.

Total £1,350 per calendar month (£16,200 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 £750) 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. 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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Sold for £272,000

This auction is now closed.

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

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