E524: Cathedral Road, Riverside, Pontcanna, Cardiff West, Wales CF11

Eleven converted Apartments in this beautiful three storey Grade II listed detached corner Building extended at the rear with a sizeable rear garden

Sold on 125-year leases from 2021/2022at a combined (rising) ground rent £2,000 per annum

three at a peppercorn

Ground Rents are REVIEWED UPWARD ONLY TO RPI EVERY TEN YEARS with Time not of the Essence.

 

Sum Insured: £5,000,000. Premium: £9,956.24. Renewal Date: 20th March 2024.

 

The Leases Manage themselves.

 

Section V Notices need to be served.

 

Copy Documents held: Draft peppercorn Rent Lease; Schedule of Ground Rents; Insurance Summary of Cover; Freehold Title and Plan, Block Management Agreement, Apartment Valuations, Elevation Drawings

 

Original Developer Selling

 

GUIDE PRICE: £40,000