Lot 21 - 36 Queens Road, Elliot's Town, New Tredegar, NP24 6NN

  • Unconditional Online Auction Sale
  • Guide Price* : £59,000+
  • Bedrooms: 2

Lot 21 - Flats for Investment

Description

ONLINE AUCTION from 29th AUGUST-31st AUGUST

A sizeable end terrace property currently arranged as two flats. To the ground floor the property offers a one bedroom flat currently occupied and achieving £400 per calendar month (rent due to be increased in September 2023).

The top floor offers a spacious two bedroom flat benefitting from double glazed windows and gas central heating provided by a combination boiler (untested)

The current vendor has enjoyed good occupancy levels and we anticipate the top floor flat could achieve in the region of £500 per calendar month. The total potential income could be in excess of £10,000 PA making the property ideal for investment.

The property is located in a popular location close to local amenities, schools and the train station which offers direct lines to Cardiff City.

Accommodation

Ground Floor (uninspected): One bedroom, kitchen, bathroom, lounge
First Floor: Entrance, lounge, bathroom, kitchen, two bedrooms

Council Tax Band

A

Tenancies

The Ground Floor is currently occupied at £320pcm (due for rent increase in September 2023 to £400pcm)
The First Floor is to be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.

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