Residential Investment -Water Facing Apartment

An opportunity to acquire a spacious one bedroom apartment overlooking a former dock basin in Cardiff Bay. The property benefits from an allocated parking space, double glazing, electric heating, lift and concierge facilities. We are advised that the proeprty is currently let at £850 p/c/m, therefore generating a gross annual income of £10,200 per annum. Located within the heart of Cardiff Bay, within close proximity to The Senedd (Welsh Parliamentary Building) and alongside other business occupiers. The position of the apartment is well suited for the restaurants and bars at Mermaid Quay and the Wales Millenium Centre. In addition to the above, the new proposed Cardiff Bay Arena will also be positioned within a short walking distance of the apartment.

Tenure

Leasehold. 125 years from 1st January 2006

ACCOMMODATION

Hallway with store cupboard, open living/kitchen space, bedroom, bathroom.

OUTSIDE

Allocated Parking Space

TENANCIES

We are advised that the apartment is currently let at £850 p/c/m, generating a gross annual income of £10,200 per annum. (Please refer to the legal pack for confirmation of the current agreement).

TENURE

Leasehold, we are advised that there is 106 years left remaining on the lease (please refer to legal pack for confirmation of the term along with payable ground rent and service charges).

COUNCIL TAX BAND - D

VIEWINGS

Through Auction House Wales on 02920 475184

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Cardiff Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 02920404022

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

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.