Lot 99 - 9 Penford Court Penlline Street, Cardiff, CF24 3DF

  • Unconditional Online Auction Sale
  • Guide Price* : £86,000+

Lot 9 - Flat for Investment

Description

ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER

Situated in Cathays, a popular part of Cardiff, this first floor apartment in a modern block is within walking distance to local shops. The property offers lounge, kitchen, bathroom and bedroom and benefits from its own front entrance. The property is to be sold with tenant in situ and we are informed that he would like to stay. The current rent is £460 per month though the vendor is proposing a new rent from September of £650 per month (to be confirmed). With Cardiff University and Cathays Railway Station in the vicinity rental interest in the area is very buoyant.

The area of Cathays is just a short walk or bike ride from the hustle and bustle of Cardiff city centre, but it is also well supported by transport links. Cathays train station offers train journeys to Cardiff Queen Street and Cardiff Central on the southern line, or Aberdare, Merthyr Tydfil and Pontypridd on the northern line. Green spaces include Roath Park, Alexandra Gardens and Gorsedd Gardens.

Accommodation

First Floor: Lounge, kitchen, bedroom, bathroom

Council Tax Band

C

Tenancies

The property is let on an assured shorthold tenancy agreement at £460 pcm (£5,520 pa)

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 rhys@paulfoshlettings.com for invaluable advice.

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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