Victoria Wharf, Cardiff, CF11

£120,000

Guide price

SUMMARY

**EXCELLENT INVESTMENT OPPORTUNITY** Offered with NO CHAIN is this great investment opportunity in Cardiff Bay, close to local amenities and access to Cardiff and the M4. The property is being sold with a tenant who is currently paying £1075 pcm, giving a potential yield of 10%!!

DESCRIPTION

**EXCELLENT INVESTMENT OPPORTUNITY** Offered with NO CHAIN is this great investment opportunity in Cardiff Bay, close to local amenities and access to Cardiff and the M4. The property is being sold with a tenant who is currently paying £1075 pcm, giving a potential yield of 10%!!

The accommodation briefly comprises of an entrance hall, lounge/dining room, kitchen, master bedroom with ensuite, a further second double bedroom and bathroom. There is access to a balcony with water views and a car parking space in a secure gated car park. Council Tax Band: Not currently available, please contact the branch Tenure: Leasehold Current Annual Ground Rent (£): 150.00 Ground Rent Review Period (Years): Not currently available, please contact the branch Ground Rent Increase (%): Not currently available, please contact the branch Current Annual Service Charge (£): 3732.62 Date of Next Service Charge Review: Not currently available, please contact the branch Number of Years Left on Lease: Not currently available, please contact the branch

Auctioneer's Comments

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of [%%PERCENTAGE_COST_VALUE%%]% of the purchase price including VAT, subject to a minimum of ?[%%MINIMUM_COST_VALUE%%] including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Communal Entrance Hall

Entered via intercom system, stairs and lift access to all rooms floors, access to car park.

Hall

Airing cupboard housing hot water tank and storage area and wall mounted consumer units, electric panel radiator, door to all rooms.

Lounge/Dining Room

Double glazed patio door to BALCONY with two full height double glazed windows to the side providing superb water views, electric panel radiator, TV and Internet connection, opening to kitchen.

Balcony

Balcony with decked flooring with water views and space for table and chairs.

Kitchen

A range of floor and wall mounted kitchen units in white with contrasting work surfaces and tiled splashbacks, integrated eye-level electric oven, electric hob with stainless steel cooker hood above, spotlights, tiled flooring, spaces for fridge/ freezer and washer/dryer, one and a half bowl and drainer sink unit with mixer tap.

Bedroom 1

Double glazed window to rear with water view, electric panel radiator, built-in double wardrobe, door to ensuite

Ensuite

Three piece suite in white comprising of shower cubicle with mains fed shower and shower screen over, WC with enclosed cistern and a wash hand basin set into a vanity unit, extractor fan, heated towel rail, inset spotlights, part tiled walls to shower area and splashbacks, tiled floor.

Bedroom 2

Double glazed window to rear with water view, electric panel radiator, built-in double wardrobe.

Bathroom

Three piece suite in white comprising of a panelled bath, WC with enclosed cistern and a wash hand basin set into a vanity unit, extractor fan, heated towel rail, inset spotlights, part tiled walls to splashbacks areas, tiled floor.

Outside

There is an allocated parking space as well as visitor spaces on the main car park. The development is entered via security gates and there is a 24 Hour Concierge service to hand. There are communal gardens too with walks towards the both Cardiff Bay and Penarth Marina.

This is a Leasehold property with details as follows; Term of Lease 125 years from 24 Jun 2005. Should you require further information please contact the branch. Please Note additional fees could be incurred for items such as Leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.