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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.
The property has not been inspected internally but we are advised it comprises:
First Floor: Lounge, kitchen, bedroom, bathroom, 2 x wcs
To be sold with vacant possession
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Advised Leasehold - to be verified by solicitor
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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