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ONLINE AUCTION from 7th MARCH-9th MARCH
A fifth floor, one bed apartment located on the gated Victoria Wharf development in Cardiff Bay.
The apartment offers lounge, fitted kitchen one bedroom and bathroom. It also benefits from a balcony offering waterside views and allocated parking.
The apartment further offers concierge, secure gated entry and is within walking distance of Cardiff Sports Village and Penarth Marina. The area also offers a range of bars and restaurants.
The property is currently tenanted and is generating £9,300 pa in rental income making this an ideal opportunity for those looking for buy to let investment.
Please Note: There is no EWS1 certificate for the building.
Please note the property is being offered on behalf of the receivers.
Ground Floor: Communal entrance, lifts and stairs
Fifth Floor: Entrance, lounge, kitchen, bedroom, bathroom, balcony
Outside: Allocated parking space
125 years (107 years unexpired)
Tenanted until June 2023 paying £775 pcm
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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