Freehold interest in a three storey building close to Cardiff city centre comprising three leasehold apartments with current income totalling £847 per annum
The property comprises three apartments which we are informed each pay £199 per year for management costs. The second floor apartments pays £250 per year ground rent and the remaining two apartments are at peppercorn ground rent (nil) at present. The management charges of £199 per annum plus £250 per annum for the ground rent totals £847 per annum but please consult the legal pack for confirmation of all tenancies and incomes.
Ground rent - £250pa
Management income - £597pa
Total income of £847 pa, please though consult the legal pack for confirmation of all incomes and tenancies.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.20% with a minimum of £500 (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.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 12 May 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 11 May and conclude in order from Lot 1 at 4:00 pm on Tuesday, 12 May 2026
We've partnered with Watts Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* 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.
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