For Sale By Auction | 12:00, 13 September 2023 | Lot 5

183 - 191 Burnham Avenue, Llanrumney, Cardiff, Cardiff CF3 5NZ

Sold £151,000

  • Mixed Use
  • Tenure: Freehold

Call the team on 02920 475 184 for more information

Auction Date

Wed 13/09/2023

Auction Time

12:00

Auction Venue

ONLINE

Freehold Mixed Use Investment with Development Opportunity Buddsoddiad Defnydd Cymysg Rhydd-ddaliadol gyda Chyfle Datblygu

A retail parade comprising of six mixed use investments, which are being sold on a long ground leasehold basis excluding a vacant three bedroom first and second floor maisonette which will be sold vacant and as an immediate development/investment opportunity at no.185a. Any purchaser may want to negotiate a buy back with the current tenants of their long leasehold interests or regearing some of the long leaseholds remaining. The property may offer scope for development within the freehold title subject to all usual consents. We are advised that the total rental income currently being obtained is £3,866.00 per annum with scope to increase from letting of the maisonette at 185a. In our opinion, the apartment once refurbished would provide a further annual income in excess of £8,000 per annum. The parade located on Burnham Avenue in Llanrumney with excellent public transport links to Cardiff City Centre. There are excellent road links to the A48 and the M4. Tenancies: We are informed that the total current annual income is £3,866.00 per annum. With scope for betterment by way of letting the vacant maisonette. Please refer to legal pack for further confirmation of tenancies and income. Parêd manwerthu sy’n cynnwys chwe buddsoddiad defnydd cymysg, sy’n cael eu gwerthu ar sail lesddaliad tir hir ac eithrio fflat deulawr tair ystafell wely ar y llawr cyntaf a’r ail lawr a fydd yn cael ei werthu’n wag ac fel cyfle datblygu/buddsoddi ar unwaith yn rhif 185a. Efallai y bydd unrhyw brynwr am drafod prynu’n ôl eu buddiannau lesddaliad hir gyda’r tenantiaid presennol neu adnewyddu rhai o’r lesddaliadau hir sy’n weddill. Gall yr eiddo gynnig lle i ddatblygu o fewn y teitl rhydd-ddaliadol yn amodol ar bob caniatâd arferol. Fe’n hysbysir mai cyfanswm yr incwm rhent a geir ar hyn o bryd yw £3,866.00 y flwyddyn gyda lle i gynyddu o osod y fflat deulawr yn 185a. Yn ein barn ni, byddai’r fflat ar ôl ei adnewyddu yn darparu incwm blynyddol pellach o dros £8,000 y flwyddyn. Mae’r parêd wedi’i leoli ar Burnham Avenue yn Llanrhymni gyda chysylltiadau trafnidiaeth gyhoeddus ardderchog i Ganol Dinas Caerdydd. Mae cysylltiadau ffordd ardderchog i’r A48 a’r M4. Tenantiaethau: Fe’n hysbysir mai cyfanswm yr incwm blynyddol presennol yw £3,866.00 y flwyddyn, gyda lle i wella hyn drwy osod y fflat deulawr gwag. Cyfeiriwch at y pecyn cyfreithiol am gadarnhad pellach o denantiaethau ac incwm. Daliadaeth: Rhydd-ddaliad Amcanbris: £130,000+

Tenure

Freehold

Viewing

Please contact the auctioneers office for further details on 02920 475184. A full internal inspection will not be possible however it is envisaged that access will be available for the vacant maisonette at no.185a.

VYmweld

Cysylltwch â swyddfa’r arwerthwyr ar 02920 475184 i gael rhagor o fanylion. Ni fydd modd cynnal archwiliad mewnol llawn ond rhagwelir y bydd mynediad ar gael i’r fflat deulawr gwag yn rhif 185a.

Local Authority

Cardiff Council

Solicitors

Cardiff Council Solicitors, County Hall, Ref: Cardiff Council Solicitors

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.