Lot 21 - 2-4 Ruby Street, Cardiff, CF24 1LP

  • Unconditional Online Auction Sale
  • Guide Price* : £27,000 +

Lot 21 - Warehouse for Investor/Developer

Description

ONLINE AUCTION from 4th - 6th OCTOBER

A first floor warehouse situated over Tesco supermarket, in a residential/commercial area of Cardiff. The warehouse could be used for a number of uses and benefits from its own street entrance. The space is currently used as storage.

Agents Note: The owner is also selling a first floor apartment (adjacent to the warehouse) which currently has no access due to the bank installing a cash machine (within Tesco) which blocks the front entrance. The flat has a NIL RESERVE. The owner informs us that alternative access could be gained to the flat via a concealed corridor in the Warehouse though we cannot confirm this. See Lot number 22 for further details.

Splott is a traditional part of the City of Cardiff. Most of the housing stock is Victorian in origin built during the expansion of the city's iron and steel industry to house workers in these factories. Splott is characterised by its once vast steelworks and rows of tightly knit terraced houses.

Accommodation

First Floor:
Large storage area via private street entrance and staircase
Rear fire exit/staircase

Tenancies

To be sold with vacant possession

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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