105 Wentloog Road, Rumney, Cardiff, South Glamorgan, CF3 3HD

Lot Image

Auction sale - Monday 19th February 2018

* Guide price:

£185,000

The successful purchaser will be required to pay a buyer’s administration fee of £990 (inclusive of VAT). Other additional costs/fees may apply – click here.

  • Freehold retail and residential investment
  • Three commercial units and a large two bedroom flat
  • Asset management opportunity
  • Producing £27,600 per annum

Details

Location

The property is located at the prominent junction with Wentloog Road and Brachdy Road, in a predominately residential area on the eastern edge of Cardiff city centre, some 4 miles from Newport. Nearby occupiers include Rumney Gospel Chapel, Capital Business Park and local shopping retail units

Description

The property comprises a two storey semi detached building of brick construction beneath a pitched tile roof arranged as three shop units on the ground floor and a large self contained two bedroom apartment at first floor level. The upper floor is accessed off the street via a small shared rear yard. The property has parking for several cars to the front and side of the property.

Tenure

Freehold

Planning

Cardiff Council (029 2087 2087) www.cardiff.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL £27,600
105 Wentloog Road Individual Ground Retail - Flower Shop 32.44 349 10 years from 07/04/2017 £7,200
Individual Ground Retail - Hairdressers 18.22 196 10 years from 07/04/2017 £3,600
Individual Ground Retail - Barbers (3) 33.45 349 10 years from 09/04/2017 £9,600
Individual First Residential - Two bedroom flat 12 month AST from 01/01/2018 £7,200
1) Units 1 and 2 have a shared WC.
2) The property benefits from a CCTV system
3) The tenant is in occupation, however the lease is yet to be signed

Contact

Seller's solicitor

Dentons UKMEA LLP

Josephine Coe

0207 320 3721

josephine.coe@dentons.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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