Lot 47 - Freehold Reversion of Glanmor Court, Glanmor Crescent, Newport, NP19 8AX

  • Unconditional Online Auction Sale
  • Guide Price* : £14,500+
  • Bedrooms: 0

Lot 47 - Freehold on a Block of 8 Flats (4 with short leases)



For sale is the freehold of a block of eight flats.

The purchaser for this lot will secure the freehold, subject to a lease being in place. A number of the flats have short leases and may wish to extend their lease within the next few years. If the lease expires and no action is taken by the lessee, the property will revert to the freeholder. If between now and the expiration of the lease, the lessee exercises his/her right to request a lease extension, a substantial cost will be paid to the freeholder.

The property is currently collecting the following income:
Service charge £9,600 per annum
Ground rent: £800 per annum

The building is situated in a desirable area in the City of Newport and is a short distance from the city centre. Newport bus and train station are both approximately a 10 minute drive.


Column 1 Column 2 Column 3
Flat 1 Ground Floor 99 years from 01.01.1985
Flat 2 Ground Floor Start 01.01.1985 - End 31.12.2174
Flat 3 Ground Floor 99 years from 01.01.1985
Flat 4 Ground Floor Start 01.01.1985 - End 31.12.2174
Flat 5 First Floor 99 years from 12.07.1991
Flat 6 First Floor Start 01.01.1985 - End 31.12.2174
Flat 7 First Floor 132 years from 16.06.2017
Flat 8 First Floor 132 years from 16.06.2017

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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