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Lot 3 Sold: £30,500

Auction: Tuesday 17th December 2019

42 Farm Drive, Cyncoed, Cardiff, South Glamorgan CF23 6HQ

  • Photo1

Lot 3   Click here for addendum

On behalf of Trustees

Reversionary Ground Rent Investment

Situation

Located in a popular residential area within this quiet cul-de-sac and in close proximity to Roath Park Lake and various primary and secondary schools.
The property lies approx. 2 miles north of Cardiff city centre and benefits from good road links via the M4.

Property

Comprising a mid terrace 3 Bed House planned on first and second floors with integral garage and front off-street parking.

ACCOMMODATION1

Ground Floor
Reception Room
Kitchen
Integral Garage
External WC
First Floor
Bedroom 1
Bedroom 2
Bedroom 3
Shower Room (previously a Bathroom)
Sep. WC
1 Not inspected by Barnett Ross

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to an Individual for a term of 99 years from 25th March 1961 at a ground rent of £20 per annum exclusive.

Note 1: Valuable Reversion in approx. 40¼ years.

Note 2: No. 9 Farm Drive (3 Bed House) sold in June 2018 for £267,000.

Note 3: 6 Week Completion.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.