Lot 42 - Freehold Reversion 22 Farmwood Close, Newport, NP19 9BP

  • Unconditional Online Auction Sale
  • Guide Price* : £5,000+
  • Bedrooms: 0

Addendum

The freehold has been postponed from auction.

Lot 42 - Freehold Subject to a Short Lease

Description

ONLINE AUCTION from 27th AUGUST-29th AUGUST

A freehold reversion secured on a semi-detached house. 

The property is situated in an established residential area on Farmwood Close just off Junction 26 of the M4 motorway.  The property is located on the north side of Newport having excellent access to the local road network and all local amenities. 

There are approximately 36 years remaining on this lease, making this an ideal investment opportunity.

Tenancies

Approximately 36 years remaining on this lease

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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