Investment Auction Cardiff CF10 £350,000
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Auction date: Tue, 25/10/2022 - 08:00
Upper floor investment and new head lease. The property is a three storey mid-terrace period building with a Grade II listed frontage, situated on the main city centre retail and leisure street. The investment includes the ground floor entrance, and first and second floor investment units, extending to approximately 2100 sq ft each (195sqm) as well as the right over the roof space above which may have future development potential, subject to consent, there is also a small ground rent from the ground floor unit let to Tesco. We are informed that the lot will include a new 999 year Head Lease for the building. The first floor unit is let to UK Beauty Lounge Ltd on a 5 year lease from July 2022 for £18,000+vat and the second floor is let to Barbering School Wales Ltd from October 2021 on a 5 year lease for £20,000+vat. However, please consult the legal pack for verification of any and all tenancies and incomes.
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