Auction House / Wales
  • For Sale By Unconditional Online Auction
  • Guide Price* : £250,000
  • Auction Ended 31/01/2023
  • Lot 2

10 Harbour View Road, Penarth, South Glamorgan, CF64 1HE

Bidding opens Monday 13th February 2023 at 12:00 and closes Wednesday 15th February 2023 at 12:00.

Description

Bidding opens Monday 13th February 2023 at 12:00 and closes Wednesday 15th February 2023 at 12:00.

Part Let 2 x Apartments in Sought After Location

An opportunity to acquire a freehold mid terraced bay fronted property, within this sought after location with attractive open outlook to the front over the city of Cardiff. The building is currently split in to 2 x apartments (1 x 2 bedroom ground floor apartment which is currently let and a 1 bedroom first floor apartment which in our opinion could be reconfigured to provide two bedrooms. We are advised that the ground floor apartment is currently let considerably less than the market rent at £400 per calendar month which is up to date, however, with no tenancy agreement being available. The first floor apartment is currently vacant and in our opinion the value of the apartment benefiting from a split in the title and refurbished would be in the region of £250,000. The property converted back to a house and refurbished would stand at approximately £550,000.00 in our opinion and market rent for each apartment laid out with two bedrooms would be circa £1000 p/c/m in good order.
The property is located in a superb position at the top end of the town within easy walking distance of the centre which benefits from a selection of bars, restaurants and boutiques. The town has a Victorian promenade and pier, a number of parks, marina and excellent schools, whilst also providing great access for Cardiff Bay via the barrage and Cardiff City Centre. Good access is also offered to the A4232/A48 and M4.

Communal Entrance and Hallway
Ground Floor Inner Hall, two bedrooms, lounge, kitchen, bathroom, lean to utility room.
First Floor Landing, large lounge, kitchen, bedroom, bathroom.
Tenancies Ground floor currently let on a verbal agreement at £400 per calendar month, therefore the current income stands at £4800.00 per annum. The property also provides an opportunity to increase the income through letting of the first floor apartment.
Tenure Freehold
Viewings First Floor Only via Auction House Wales 02920 475184.

Tenure: Freehold

EPC Rating

Ground Floor Flat - D
First Floor Flat - 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.

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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* Guide | £250,000
  • 3 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 02920 475184 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.