20 September 2023: Wednesday 20 September 2023 - 9:00am
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    Key features

    • Freehold
    • Mixed-use
    • Popular retail location
    • Asset management potential
    • ERV Approximately £15,000+ p.a.

    Description

    The property comprises a mid terraced mixed use building arranged across ground first and second floors.

    The ground floor comprises a single lock up shop currently occupied by a PC, laptop and mobile repair shop on a licence producing £5,460 per annum (inclusive of insurance)

    The upper parts benefit from separate access at street level and comprise a one bedroom flat arranged over first and second floors.

    The property occupies a prominent position near the corner of Wyndham Crescent and Cowbridge road east a high footfall retail street extremely popular with students.

    Local occupiers within the vicinity include Home Bargains, Card Factory, Subway and Cake Box.

    The property provides a significate opportunity to add value via asset management through both the letting of the upper parts and arranging more formal occupation of the ground floor.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Retail unit

    First Floor - One bedroom, living room, kitchen, bathroom/WC

    Tenancy

    Ground Floor - Retail unit - Subject to licence to occupy from 1st June 2014 paying £455 pcm (£5,460 p.a.) Inclusive of insurance.

    The license is terminable at 28 days notice by either party.


    First Floor - Vacant one bedroom flat

    Rent

    £5,460 p.a.
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated in a busy location just off Cowbridge Road East within close proximity to its junctions with Wyndham Crescent (B4267) and Kings Road (B4267). and is located approximately 1 mile away from Cardiff City Centre with Cardiff Castle, Sophia Gardens, The Millennium Stadium, Cardiff Central Railway and Bus Station all within close proximity.

      Transport

      Cardiff Central Station

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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