Lot 9 - Picton, 23 Victoria Wharf, Watkiss Way, Cardiff, CF11 0SG

  • Unconditional Online Auction Sale
  • Guide Price* : £149,000+
  • Bedrooms: 3

Addendum

Please Note: From May the rent will increase to £1,310 per calendar month. The current tenant is aware and happy to stay at least another 6 months.

LOT 9 - Apartment for Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

Situated in the prestigious Cardiff Bay this 2nd floor (lift facility) contemporary apartment is situated in the Picton building with its undercover allocated parking via electronic gates and concierge. With a large balcony the apartment provides three bedrooms – 2 with built-in wardrobes, bathroom and en-suite, open plan lounge/dining room and kitchen. Penarth Marina is only a short walk away with its many amenities, cafes and restaurants. The property is to be sold with a sitting tenant. The current rent is £1,275 per month. From May the rent will increase to £1,310 per calendar month. The current tenant is aware and happy to stay at least another six months.

Cardiff Bay has been transformed by the Cardiff Barrage that impounds the Rivers Taff and the Ely to create a massive freshwater lake. A number of boat tours operate from Mermaid Quay, which allows you to gain an understanding of the history and fauna of this exciting area. There is also a water taxi service which operates throughout the year from the Bay to the city centre and Penarth.
Cardiff Bay is home to a number of attractions such as Techniquest Science Discovery Centre ideal for all the family, Craft in the Bay, The Welsh Assembly at the Pierhead, Butetown, History and Arts Centre, the Norwegian Church Arts Centre and the Wales Millennium Centre, a stunning international arts centre. The Red Dragon Centre provides further options for family entertainment.

The construction of the barrage is one of the largest engineering projects in Europe. Completed in 1999, it has created a 500 acre freshwater lake with 8 miles of waterfront and it is hoped it will stimulate the future development of the Bay as a tourist and leisure destination. Cardiff has been named as one of the top 10 cities in Europe.

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email adrian@paulfoshlettings.com for invaluable advice.

Please Note: When attending a scheduled viewing, please park in the visitors car park and ensure you speak to the concierge and enter the ‘PICTON’ building via key pad (enter ‘23’) taking the lift to the 2nd floor.

VIRTUAL TOUR

Accommodation

Second Floor: Hallway with airing cupboard and large walk-in wardrobe/storage cupboard, open plan lounge/dining room with balcony, kitchen, 3 bedrooms, en-suite, bathroom
Outside: Allocated undercover parking space, concierge, electronic remote controlled gates

Tenancies

To be sold with sitting tenant

Tenure

Advised Leasehold - 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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Paul Fosh Auctions
01633 254044

Office Contact

Angie Davey

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