Freehold interest for the formally "Cogan Hotel" on Hewell Street in Penarth. The development occupies 5 flats.

Freehold interest for the formally "Cogan Hotel" development on Hewell Street in Penarth. The development is made of 5 flats. We are informed that the current service charge from the flats is £4,850pa. The building is breakdown comprises of 1 x 1 bedroom, 3 x 2 bedroom and 1 x 3 bedroom. PLEASE NOTE this is for ownership of the Freehold only and does not include ownership of any of the apartments or houses. Please refer to the legal pack for confirmation of tenure, any service charges or incomes and any existing tenancies and ground rent. Tenure Informed Freehold – please refer to legal pack for verification of tenure Viewing Viewing by appointment with Seel and Co – www.seelandco.com/auctions Additional Fees Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion. Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. Further Information Auctioneers Office, Seel and Co (029) 2037 0117 Auction Details FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025