Lot 52 - The Mind Shop, 338 Cowbridge Road East, Cardiff, South Glamorgan, CF5 1HD
Guide Price* : £145,000+
- Unconditional Online Auction Sale
Lot 52 - Retail Investment Property
Description
ONLINE AUCTION from 23rd - 25th June
A mid-terrace retail premises occupying a prominent position within a well-established high street location. The property is currently occupied by the charity retailer Mind, providing an established tenant covenant and immediate rental income.
The property is let and currently producing an income of £7,500 per annum, offering an attractive investment opportunity for investors seeking a secure, income-producing asset. The current lease is in place until 23rd June 2029, providing income security with a tenant already in occupation.
There may be potential to increase the rental income in the future through asset management initiatives and future lease negotiations. We understand that the upper floors currently provide ancillary storage accommodation and may offer potential for residential conversion, subject to obtaining the necessary planning consents and any required agreements with the existing tenant.
Tenancies
Tenants in situ
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* 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.
Guide Price* : £145,000+
- Unconditional Online Auction Sale
Lot 52 - Retail Investment Property
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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