Lot 91 - Freehold Reversion, 34 Albany Road, Cardiff, CF24 3RQ

  • Unconditional Online Auction Sale
  • Guide Price* : £4,000+
  • Bedrooms: 0

Freehold Reversion

Description

ONLINE AUCTION from 8th JUNE-10th JUNE

A Freehold reversion secured on a property comprising ground floor retail unit and five flats.

The property is situated in the popular location of Albany Road in Cardiff.

Tenancies

Flat 1 - 150 years from 11/12/18 (£100 per annum)
Shop/Flat 2 - 999 years from 04/12/18 (no income)
Flat 3 -150 years from the 11/12/18 (£100 per annum)
Flat 4 - 150 years from the 11/12/18 (£100 per annum)
Flat 5 - 150 years from the 15/02/20 (£100 per annum)
Total annual income £400 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 1.5% of the purchase price (subject to a minimum of £1,500) 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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Bidding History 9 Bids
User Amount Date
Bidder 2 £6,000 10/06/21 19:38:21
Bidder 3 10/06/21 19:38:21
Bidder 2 £5,750 10/06/21 19:38:13
Bidder 3 10/06/21 19:38:13
Bidder 2 £5,250 10/06/21 19:37:59
Bidder 3 10/06/21 19:37:59
Bidder 2 £4,750 10/06/21 16:28:38
Bidder 2 £4,500 10/06/21 16:20:51
Bidder 1 £3,500 10/06/21 15:08:00

Viewing Information

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In the event of cancellation or amendment, we may contact you with updates. If you do not register but you travel to a viewing, you do so at your own risk.

Office Contact

Sean Roper

Documents

Auction Finance

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.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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