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" Joint Auctioneers with Seel & Co, South Wales Estates of Cardiff (029) 2048 2248

Freehold Investment Property comprising six studio apartments, all currently LET on Assured Shorthold Tenancies, with the potential of a seventh studio once improved. This excellent investment generates a healthy return and is sure to attracted a great deal of interest from Landlords. Further details on request.

Tenancies:
The flats which are currently let are let by way of Assured Shorthold Tenancy agreements:

Flat 1: Let at ?325.00 pcm since 1st November 1997
Flat 2: Let at ?325.00 pcm since 21st October 2005
Flat 3: Let at ?325.00 pcm since 10th August 2012
Flat 4: Let at ?325.00 pcm since 10th February 2014
Flat 5: Let at ?325.00 pcm since 17th August 2012
Flat 6: Currently vacant but last let at ?340.00 pcm
Flat 7: Currently vacant but last let at ?340.00 pcm

HENCE TOTAL CURRENT ANNUAL RENTS ?19,500 PER ANNUM WITH SCOPE TO INCREASE TO CIRCA ?28,000 PER ANNUM WHEN FULLY LET AT PREVAILING MARKET RENTS.

Tenure:
Presumed Freehold ? please refer to the legal pack for verification of tenure.


IMPORTANT:
Please note we require verification of funds through our Mortgage Advisor prior to any viewing appointment.

Please note

Important Notice: Disclaimer

Misrepresentation Act, 1967 and Property Misdescription Act, 1991 1. These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract. 2. Any description or information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Neither South Wales Estates, nor any of their employees has any authority to make or give any representation or warranty whatever in relation to the property. 3. All dimensions and other particulars are given in good faith and are believed to be correct, but any intending purchasers, should not rely on them as statements or representations of facts, and must satisfy themselves by inspection or otherwise as to the correctness of each of them. Any services, equipment, fixtures and fittings included in the property have not been tested therefore no warranty can be given as to their condition or operation. 4. The photographs show only certain parts and aspects of the property at the time they were taken. 5. Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending purchaser. 6. Neither South Wales Estates nor the vendor of the property accepts responsibility for any error these particulars may contain, however caused. Any intending purchaser must therefore satisfy themselves by inspection or otherwise as to their correctness.

We recommend you contact our office on the day of any pre-arranged viewing in order to confirm you will be in attendance. We require an active contact number on which the viewer can be reached on the day of any viewing in case we need to cancel the appointment; we cannot accept any responsibility for our non-attendance to cancelled viewings as unfortunately circumstances occasionally make this unavoidable. Any deposit or agency fee paid to South Wales Estates, whether to hold or reserve a residential or commercial property, is non-refundable regardless of circumstances except where the Vendor or Landlord withdraws from the transaction for reasons beyond our control. Where a deposit or agency fee is paid and the applicant is found to have what we consider being unsatisfactory references, whether financial or otherwise, then any such deposits or agency fees will be forfeited and therefore not refunded; the property transaction will then be cancelled. We advise that when entering into any property transaction you seek legal advice from a suitably qualified legal representative. "