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.
|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|
|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|
Advised Freehold - to be verified by solicitor
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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