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 250 year leases from 2021

at a combined (rising) ground rent of 0.1% of GDV circa £3,500 per annum

The ground rents are REVIEWED UPWARD ONLY TO RPI EVERY TEN TEARS

with Time Not of the Essence, thus late reviews back dated to the Review Date

The Landlord covenants to Insure, Manage and recovers all costs AS ADDITIONAL RENT

The Lessees cannot alter their premises without the written consent of the Landlord

This dramatic Conversion is not yet complete and PC is anticipated in August 2021

The Purchaser will be required to exchange contracts in a timely manner to negate the need for Section 5 Notices and will also agree to instruct a local Managing Agent at GRB’s direction

This Developer’s Local Reputation is Sacrosanct

Copy documents held electronically: Freehold Title and Plan, Block Management Agreement, Apartment Valuations, Elevation Drawings

Original Developer

Selling

GUIDE PRICE: £79,000 (22.85YP)