Lot 35 - 2 Jones Street, Phillipstown, New Tredegar, Gwent, NP24 6BB

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000+
  • Bedrooms: 3

Lot 35 - Residential Investment

Description

ONLINE AUCTION from 23rd JULY-25th JULY

An opportunity to acquire a mid-terrace property with garage situated in a well-established residential location. The property benefits from UPVC double glazing and gas central heating (not tested) and has external wall insulation and loft insulation.

The property is sold with an established tenant of 5 years and we have been informed by the vendor that there have been previous approaches from interested parties wanting to rent the garage separately with scope to provide further income.

Accommodation

Ground Floor: Entrance hall, lounge, dining room, kitchen, bathroom
First Floor: Landing, 3 bedrooms
Outside: Rear yard and garage

Council Tax Band

A

Tenancies

The property is let at £500 pcm

There is scope in the area to increase the monthly rental income to approximately £650 pcm.

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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