Bidding opens Monday 17th February 2025 at 13.00 and closes Tuesday 18th February 2025 at 13.00.
Description
Bidding opens Monday 17th February 2025 at 13.00 and closes Tuesday 18th February 2025 at 13.00.
Residential Investment -Water Facing Apartment
An opportunity to acquire a spacious one bedroom apartment overlooking a former dock basin in Cardiff Bay. The property benefits from an allocated parking space, double glazing, electric heating, lift and concierge facilities. We are advised that the proeprty is currently let at £850 p/c/m, therefore generating a gross annual income of £10,200 per annum.
Located within the heart of Cardiff Bay, within close proximity to The Senedd (Welsh Parliamentary Building) and alongside other business occupiers. The position of the apartment is well suited for the restaurants and bars at Mermaid Quay and the Wales Millenium Centre. In addition to the above, the new proposed Cardiff Bay Arena will also be positioned within a short walking distance of the apartment.
ACCOMMODATION Hallway with store cupboard, open living/kitchen space, bedroom, bathroom.
OUTSIDE Allocated Parking Space
TENANCIES We are advised that the apartment is currently let at £850 p/c/m, generating a gross annual income of £10,200 per annum. (Please refer to the legal pack for confirmation of the current agreement).
TENURE Leasehold, we are advised that there is 106 years left remaining on the lease (please refer to legal pack for confirmation of the term along with payable ground rent and service charges).
COUNCIL TAX BAND - D
VIEWINGS Through Auction House Wales on 02920 475184
Tenure: Leasehold
Lease Details: 125 years from 1st January 2006
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£600 inc VAT payable on exchange of contracts.
Administration Charge
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 02920 475184 for more information
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