Modern style apartment on the most famous road for luxury living, Lloyd George Avenue, Cardiff.
It is being split distance to Cardiff Bay and Cardiff city with massive benefits of off-street parking and no city life traffic being just on the outskirts, making it easier for travel.
Entering the complex, you have two security doors with voice com access for visitors & deliveries. Going inside the apartment, you have a large entrance hall leading into the living room/diner.
Very spacious with double doors and a window balcony and room for table and chairs with living furniture. The kitchen is in excellent condition with a breakfast bar fitted on the wall.
The bathroom is tiled throughout with a bath and shower fitted.
Both bedrooms are double size layouts with the master bedroom having an ensuite with a shower fitted for luxury living.
All owners own a share of the freehold, that being 1/76th (76 flats in the complex)
so essentially any owner owns their apartment as both freehold and
leasehold. As owners have a share in the freehold there is no ground rent.
The management company, of which any owner can be a director, will
automatically renew the leasehold of all apartments in 2150. Unlike full
leasehold properties, this will not come at a cost to the owners.
Service charge has been frozen for the last five years at £1528.14 and is
likely to continue for the foreseeable future.
The boiler is five years old and fully serviced.
Kitchen is fully integrated including fridge freezer, dishwasher and washing
CURRENT 83/84 POTENTIAL
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £6,600 including VAT, plus an administration charge of £354 including VAT, a total of £6,954. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and administration charge are in addition to the final negotiated selling price.
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.