Lot TBC Auction

60 Albany Road, Cardiff, CF24 3RR View map

Guide Price £120,000 +

Snapshot

FOR SALE BY PUBLIC AUCTION - Head lease on 60 Albany road, with ground floor retail/office space and a further office to the upper floors


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    Description

      Head lease on the entire three storey commercial property of 60 Albany road, Cardiff, extending to over 2500 sq ft of accommodation. The property itself is currently vacant but we are informed that an offer has been accepted for a new lease on the ground floor retail part of the building at £13,000 pa for an initial 3 year period.

      The building briefly comprises a ground floor retail unit measuring approximately 942 square feet with prominent shop frontage, formerly used as an estate agents. To the first and second floors is a further office suite accessed via its own street entrance, which is currently advertised for circa £8000 pa extending to a further 1604 sq ft(approx).

      Albany Road is one of the main suburban retailing areas in the city and serves a dense surrounding residential population and benefits from high levels of passing traffic. There is a good mix of both local and national occupiers represented including Boots, Greggs, Tesco & Sainsburys.

      We are informed that the property has approximately 35 years remaining on the head lease with £50 pa ground rent payable but please refer to the legal pack for verification of tenure and costs.

    Accommodation

      GF - Open- plan main office, rear office, kitchen area, 2 X WC

      FF - Four office rooms, kitchen area, WC

      SF - Three office rooms

      OS - Enclosed rear garden accessed from the ground floor retail space

    Tenure

      Leasehold - please consult the legal pack for verification.

    Viewing

      VR tour online and viewing by appointment with Seel and Co (029) 2037 0117

    Additional Fees

      Buyers Premium – 1% with a minimum of £1,000 (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 (029) 2037 0117

    Auction Details

      FOR SALE BY PUBLIC AUCTION on 22 February 2022 online via the Seel and Co website. Bidding will commence from midday on Monday, 21 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 22 February 2022

    Virtual Tour

    Need to know

    Please refer to legal pack and auction catalogue prior to bidding.

    Please be aware that you cannot bid without having a deposit.

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