Lot 22 - 31-32 Clifton Street, Cardiff, South Glamorgan, CF24 1LR

  • Unconditional Online Auction Sale
  • Guide Price* : Nil

Lot 22 - Flat for Owner Occupier/Investment

Description

ONLINE AUCTION from 4th - 6th OCTOBER

This spacious corner flat is situated above Tesco’s supermarket in the residential/commercial area of Splott, Cardiff. There is currently no access to the flat as a cash machine installation (via Tesco) has blocked the front and currently only entrance. We are advised by the Vendor that the spacious flat includes a lounge, kitchen, bedroom, bathroom and two toilets. We anticipate an approximate rental of £635 pcm.

Agents Note: The owner is also selling a first floor warehouse (adjacent to the flat) which (we are advised by the Vendor) could provide an alternative access to the flat via a concealed corridor in the Warehouse though we cannot confirm this. See Lot number 21 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

The property has not been inspected internally but we are advised it comprises:

First Floor: Lounge, kitchen, bedroom, bathroom, 2 x wcs

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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