This spacious 2-bedroom flat is located in an area well-known for its great public transport links, making it the ideal choice for those who need to commute or travel frequently. The property is situated in a convenient location and offers potential as it needs modernising. It features an open-plan kitchen and reception room, providing a versatile space. This property is ideal for cash buyers or investors who are looking for a project to renovate and add value to. Its prime location and potential make it a great opportunity for those seeking a property in need of some TLC. The property benefits from one allocated undercroft parking space.
Auction date
This property is for sale by MODERN METHOD OF AUCTION (CONDITIONAL) with an 8 WEEK EXCHANGE deadline.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to local schools and amenities * Good access to Cardiff Bay, Mermaid Quay and the Millennium Centre * M4 access via A48 / A4232
Description
* Apartment * 2 bedrooms * En-suite & separate bathroom * Vacant
Accommodation
Comprises:
Eighth floor
Entrance hall, living room with balcony, kitchen, 2 bedrooms, en-suite & separate bathroom. Please Note: the following rooms have under floor heating - entrance hall, main bathroom, bedroom one and en suite.
Outside
One allocated undercroft parking space
EPC rating
B
Tenure
Leasehold with vacant possession.
Lease
150 years (less the last day) from 1 October 2004 - 130 years remaining.
Ground rent and service charge
Please see Buyer Information Pack for further details.
Council tax band
E - Cardiff
Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.
Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Buyer Information Pack.
Legal Pack
The legal pack is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the Sale Memorandum payable on completion. Please ensure that you check the Buyer Information Pack for each lot that you are interested in, prior to bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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