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)