For Sale By Auction | 17:00, 23 October 2019 | Lot 42

65 Clive Road, Canton, Cardiff, CF5 1HH

Sold £177,000

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 23/10/2019

Auction Time

17:00

Auction Venue

Village Hotel 29 Pendwyallt Road, Coryton, Cardiff, CF14 7EF

Viewing Times:

Tue 8 Oct

12:30-13:00

Tue 15 Oct

12:30-13:00

Tue 22 Oct

12:30-13:00

Mixed Use Investment In Popular Location With Scope For Redevelopment

A mid terraced mixed-use premises comprising of a retail unit to the ground floor with a self-contained spacious one bedroom flat to the first floor (which could be redeveloped in to a two bedroom flat). The building is located in a popular location on the western side of the City close to other local shops, school and amenities. The property benefits from good access to the A470/M4 and is also within walking distance to the boutiques/restaurants and bars in Pontcanna.

Tenure

See Legal Pack

Ground Floor

Reception/Waiting area through to therapy room, staff/kitchen, lobby room, W/C, shower room, further treatment room.

Outside

Small courtyard area.

First Floor

Self-contained entrance to the first floor flat with lounge, kitchen, double bedroom and shower room.

Tenancies

We understand that the ground floor unit is held under a monthly licence at £416.66 per month which in our opinion is way under market rent and scope for betterment could be achieved by increasing the current rent. The first floor is let by way of an AST at £525 per calendar month. Therefore the total current annual income is £11,299.92 with scope for betterment as mentioned above.

Viewing Schedule

Tuesday 8th October 12.30 - 13.00 Tuesday 15th October 12.30 - 13.00 Tuesday 22nd October 12.30 - 13.00

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Cardiff Council

Solicitors

JCP Solicitors, 15 St Andrews Crescent, Cardiff, CF11 9BZ, Ref: Llio Preece, Tel: 02920 225472

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.