Lot 7 - Beatrix, 617 Watkiss Way, Cardiff, CF11 0SE

  • Unconditional Online Auction Sale
  • Guide Price* : £90,000+
  • Bedrooms: 1

Lot 7 - Apartment For Investment

Description

ONLINE AUCTION from 11th APRIL-13th APRIL

A third floor, one bedroom 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 £8,400 pa in rental income with scope to increase 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.

Accommodation

Ground Floor: Communal entrance, lifts and stairs
Third Floor: Entrance, lounge, kitchen, bedroom, bathroom, balcony
Outside: Allocated parking space

Council Tax Band

D

Lease Start Date

24/06/2005

Lease Duration

125 years (107 years unexpired)

Tenancies

The property is tenanted
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 on 01633 746800 or email sarah@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/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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