Lot 31 - 136 Broadway, Cardiff, CF24 1NL

  • Unconditional Online Auction Sale
  • Guide Price* : £80,000 +

LOT 31 - Property for Investment

Description

ONLINE AUCTION from 17th MAY-19th MAY

A mid terrace property situated in a popular location in need of improvement.

To the ground floor the property was previously a former betting shop. The first floor is occupied by a tenant currently paying £320 per calendar month.

Typically, commercial premises in the area can achieve in the region of £8,000 PA making the property an ideal investment opportunity.

The property is ideally situated for access to both Cardiff City Centre and Roath and numerous transport links and road links.

Please note, we will update the advert in due course with further pictures and information.

Accommodation

Ground Floor: Retail space
First Floor: 1 bedroom, lounge, kitchen, bathroom

Tenancies

Flat let at £3,840 pa
Shop vacant but potential income of £8,000 pa

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. 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

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