Lot 58 - 433 Newport Road, Cardiff, CF24 1RP

  • Unconditional Online Auction Sale
  • Guide Price* : £218,000+

Addendum

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Residential Investment Opportunity

Description

ONLINE AUCTION from 7th SEPTEMBER-9th SEPTEMBER

A spacious property that comprises three flats. The property is sold with vacant possession but could easily be an ideal investment opportunity for buy to let. The property has benefited from initial works including division of three separate units but now requires some finishing works for either resale individually or for buy to let as a whole.

The flats are situated in a convenient location, ideal for both Roath and Cardiff city centre, and there are excellent road links to the M4. The property benefits from UPVC double glazing, and each flat has gas central heating (not tested), fitted kitchen and bathroom.

VIRTUAL TOUR

Accommodation

Ground Floor Flat 1: Entrance, lounge/kitchen, bedroom, bathroom
Flat 3: (access either from the front of the property or lane to the rear) Entrance, kitchen/lounge, bathroom, bedroom
First Floor: Flat 2: (entrance to side via porch with stairs to first floor) Landing, lounge, kitchen, 2 bedrooms, bathroom
Outside: Front garden, side access to rear garden and parking bay

Tenancies

To be sold with vacant possession but potential to let with income in the region of £2,000 per calendar month (£24,000 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. 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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