2 Splott Road, Cardiff, CF24 2BZ
- PROPERTY TYPE
End of Terrace
- BEDROOMS
5
- BATHROOMS
3
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Three storey investment property in popular area arranged as three apartments with a large rear yard accessed via a private lane access. Income of £27,000pa representing an Initial gross yield of 12%.
Description
Three storey investment property in popular area arranged as three apartments with a large rear yard accessed via a private access from Railway Street.
The property itself is in reasonable order but would benefit from decorative improvement throughout. The building itself is arranged as 2 x two bedroom apartments and 1 x one bedroom apartments, there is also a full height basement with direct access to the rear yard.
We are informed that the current rental income is £2250pcm (£27,000pa) however there is room for rental improvement here in our opinion subject to some improvement works. In any case this rental income represents an Initial gross yield of 12% at this level but please examine the legal pack when available for confirmation and detail of all tenancy agreements.
To the rear of the building is a large rear yard which couple have further development potential subject to any necessary consents and benefits from a secure private lane access from Railway street.
N.B. Further internal photos and details will be added in the coming days.
Accommodation
LGF - Full height basement.
GF -Communal hall. Hall, Kitchen/living area, two bedrooms, shower room
FF - Hall, Kitchen/living area, one bedroom, shower room
SF - Hall, Kitchen/living area, two bedrooms, shower room
OS - Large rear yard with private access lane.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (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
Viewing
Viewing by appointment with Seel and Co
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
2 Splott Road, Cardiff, CF24 2BZ
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Visit our security centre to find out moreDisclaimer - Property reference 289415. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Seel & Co Ltd, Cardiff - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Seel & Co Ltd, Cardiff - Auctions on 029 2271 6399.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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