Extensive and prominent industrial unit in this busy area of Cardiff extending to approximately 9,000sqft (929 sqm), which is currently operated as a furniture factory and shop with a vacant 4 bedroom apartment above. Future development potential, subject to any necessary consents. Please note that the adjacent building is for sale as the subsequent lot.
The property is situated on the corner of Ferry road and South Clive street and opposite Clive street. The building appears to be be of brick/stone construction with a corrugated roof.
The property is briefly laid out as a main furniture showroom to the front of the building with 2 main double height factory areas to the rear. There is a first floor area to the front that was previously used as a four bedroom apartment and a further first floor area to the rear of the building that is used as a cutting room for upholstery. The footprint of the building is approximately 8,000sqft (743 sqm).
We are informed that the building is let to the current occupier for £400 per week (£20,800pa) but please consult the legal pack once available for further details and confirmation of tenancy.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co (029) 2037 0117
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
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.
