Lot 13 - Flats at 10 Clare Road, Cardiff, CF11 6QL

  • Unconditional Online Auction Sale
  • Guide Price* : £540,000+

Investment Opportunity

Description

ONLINE AUCTION from 7th DECEMBER - 9th DECEMBER

A substantial freehold building with 7 flats, all let and producing a fantastic rental return per annum. The flats occupy a sizeable plot approximately 100 Sq m/357 Sq ft and there may be scope for future development.

The property has been owned by the sellers for 20 years and has a history of strong occupancy levels and would be ideal for a landlord. The property is ideally situated for access to Cardiff city centre and Cardiff Bay and there are excellent transport links. The property is also in close proximity to the newly built Central Square and planned Central Quay development.

The flats all benefit from UPVC windows and gas central heating (not tested), with fitted kitchens and bathrooms.

VIRTUAL TOUR

Accommodation

Floor Description Rent
Block 1
Flat 1 Lounge/kitchen, 2 bedrooms, bathroom £650 pcm
Flat 3 Lounge/kitchen, 2 bedrooms, bathroom £580 pcm
Flat 4 Lounge/kitchen, 2 bedrooms, bathroom £450 pcm
Flat 6 Lounge/kitchen, one bedroom, bathroom £390 pcm
Flat 7 Lounge/kitchen, 2 bedrooms, bathroom £550 pcm
Block 2
Flat 5 (maisonette) Hallway, dining room/kitchen, lounge, 3 bedrooms, bathroom £680 pcm
Flat 2 Lounge/kitchen, one bedroom, bathroom £450 pcm
Total £3,750 pcm (£45,000 pa)
Outside Sizeable courtyard and parking for several vehicles

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.

Bidding not yet open
Minimum Opening Bid

£500,000


Bidding Opens On
7th Dec 2021 12:00
Scheduled End Date

Connecting to server...

Office Contact

Viewing

No internal viewings

Documents

Legal Documents

Log in to view legal documents

Related Documents

Share