VAT applies to this sale in accordance with the General and Common Auction Conditions.
Please note that the property is now vacant and will be sold with vacant possession as the tenants have recently vacated. Please see the additional photos now added.
Investment retail unit extending to 240sqft (22sqm) approx in the ground floor of this popular modern development on the outskirts of Cardiff city centre. Let until very recently for £6500pa representing an Initial gross yield of 14.5%.
The unit itself is a lock up retail unit in the ground floor of the very popular Brickworks development just to the South of Cardiff city centre and within very easy reach of Cardiff central station and the city centre beyond. The area is subject to a huge amount of residential development with Trade street acting as the main thorough road for residents accessing central station and Cardiff city centre beyond.
There is a small hand wash sink to the rear of the shop but there is also plumbing and drainage in situ to add a staff/customer WC to the rear of the shop.
VAT applies to this sale in accordance with the General and Common Auction Conditions.
Please note that the vendor is willing to sell this property as a going concern. (TOGC)
GF - Retail lock up unit.
Informed Long Leasehold– please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025
31/03/2020
999 years (994 years unexpired)
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
