2 bed flat for sale

277 Maia House, Falcon Drive, Cardiff, Cardiff CF10

For sale by auction on Wednesday, 21 May 2025 at 12:00

Venue: Online

Two Bedroom Apartment - Residential Investment

Offered for sale is this two bedroom apartment with partial water views. The property benefits from an allocated parking space, double glazing, electric heating, lift and concierge facilities. We are advised that the property is currently let at £1200 p/c/m, therefore generating a gross annual income of £14,400 per annum.

Located within the heart of Cardiff Bay, within close proximity to The Senedd (Welsh Parliamentary Building) and alongside other business occupiers. The position of the apartment is well suited for the restaurants and bars at Mermaid Quay and the Wales Millenium Centre. In addition to the above, the new proposed Cardiff Bay Arena will also be positioned within a short walking distance of the apartment.

Accommodation
Hallway with store cupboard, open living/kitchen space, master bedroom with En-Suite, bedroom, bathroom.

Outside
Allocated Parking Space

Tenancies
We are advised that the apartment is currently let at £1200 p/c/m, generating a gross annual income of £14,400 per annum. (Please refer to the legal pack for confirmation of the current agreement).

Tenure
Leasehold, we are advised that there is 105 years left remaining on the lease (please refer to legal pack for confirmation of the term along with payable ground rent and service charges).

Viewings
Via Auction House on .

Council Tax Band - E
EPC Rating: C

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.