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Terraced house
Key information
Property description & features
- Tenure: Freehold
Four storey, plus large basement investment property in the heart of Cardiff city centre. Ground floor let to national operator with further income potential from vacant basement and upper floors, with separate entrances
Description
Four storey, plus large basement investment property in the heart of Cardiff city centre. Ground floor let to national operator with further income potential from vacant basement and upper floors, accessed via a separate entrance.
The property is currently arranged as a ground floor retail unit let to the national operator Games Workshop Ltd, operating as 'Warhammer', who have been long standing tenants. We are informed that the rental income is £25,000 pa with a lease until September 2027 which increases to £28,000 pa in September 2026, but please examine the legal pack for further detail, once available.
The upper three floors have been let on concessionary rent of £6000 pa to The evangelical alliance and this lease is due to end in August 2024. These floors could represent further flexible income potential or the possibility of residential conversion, subject to any necessary consents.
There is also a further basement accessed independently which could also provide further income potential. We are informed this has been previously let as storage for £3000pa.
Please see the full 3D VR tour for a walkthrough of the building.
Informed Freehold please refer to legal pack for verification of tenureAdditional Fees
Buyer's Premium 1.2% 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.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co
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Broadband availability and predicted speed: obtained from Ofcom on June 14, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 14, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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