Lot 27 - 2-4 Wyndham Crescent, Cardiff, CF11 9EH

  • Unconditional Online Auction Sale
  • Guide Price* : £108,000+
  • Bedrooms: 2

Investment Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

A substantial freehold building comprising two ground floor A3 takeaways and 2 flats sold off on long leases.

The property is situated in a busy location just off Cowbridge road east and opposite the public car park. The shops are trading as takeaways one being an Indian the other Thai and the tenant has expressed a keenness to remain. The current lease has expired for unit 2, however, it is rolling over and unit 4 is let on a 10 year lease from 24/11/2017.

Accommodation

Ground Floor (unit 2) Sales area, kitchen/prep area and wc
Ground Floor: (unit 4) Sales area, kitchen/prep area and wc
First Floor: Two flats sold off on long leases

Tenancies

Both the first floor and top floor flats are on 99 year leases.

Commercial Tenancies:
Unit 2 - 5 year lease from 9th December 2015, now expired 9th December 2020 but rolling/holding over
Let on lease 09/12/2015 now expired and holding over at £563 pcm £6756 per annum

Unit 4 - 10 year lease from 24th November 2017
Let on lease 24/11/2017 at £563 pcm £6756 per annum

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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