Detached house for sale in Garages @ Cartright Lane, Cardiff, Cardiff CF5 3DB

Auction House, Wales

This listing was posted on Auction House, Wales (via ListedBuy).

£84,000

Detached house for sale in Garages @ Cartright Lane, Cardiff, Cardiff CF5 3DB

Price:

£84,000

Summary:

New 2024

Location:

Cardiff, Cardiff

Description:

Bidding opens Monday 5th February 2024 at Midday and closes Wednesday 7th February at 2024 at Midday. 10 x Fully Let Garages with Development Potential and Scope for Income Betterment An opportunity to acquire 10 garages currently all let and set within a secure gated lane. The garages appear to be of brick and block construction beneath a pitched roof covering. The garages are fully let to established tenants, who have been in occupation for varying lengths of time. The garages are of a generous size with storage above into the roof voids. We are advised that the property is currently generating £1261 per quarter, therefore producing £5044 per annum. However, in our opinion, there is scope for considerable betterment by increasing some of the sales to market sale. (please refer to the legal pack for confirmation of occupancy and individual income breakdown per garage). In our opinion, a single garage could fetch up to £80 p/c/m in sale. (please note that the property may also offer scope for development, subject to all usual consents). The garages can be located at the no through road end of Llanbedr Road and sit to the right hand side behind the gates. Fairwater is located in the western side of the city and benefits from good transport links to the City Centre, A48 and the M4. Viewings/Further Information External Only, access can be obtained to enter through the gated lane upon request through the auctioneers office on , the garages are currently managed by our partner agent Hern & Crabtree Tenure: See Legal Pack Administration Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts. Buyer's Premium Fee: £600 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... Still available at ListedBuy!

Posted:

April 8 on ListedBuy