REDUCED - Four storey Grade II property in the heart of Cardiff city centre with recently awarded planning for conversion to a ground floor and basement commercial unit and three spacious aprtments. (Ref 23/02039/LBC)
The recently awarded planning allows for the demolition and reconstruction of the rear annex to provide a commercial unit to the ground floors and basement with two entrances of approximately 656 sqft (61sqm) and a further three apartments. The ground floor rear apartment is two bedroom with a small private courtyard and the two apartments above are both three bedroom and occupy the whole of each floor. There is further amenity space and bike parking to the rear, facing Barrack Lane.
Some plans are attached, however interested parties are invited to consult the Cardiff council planning portal - Ref 23/02039/LBC. The property currently extends to over 2,900 sqft (270 sqm) and was previously used as a private club/spa and is now in a poor state of internal repair.
Charles Street is in the centre of Cardiff with excellent local amenities in the city centre. Charles street itself has undergone a transformation in recent years to a more residential street with further development opposite the building and nearby.
Please see the full 3D VR tour once available
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.50% 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
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.
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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.
