Lot 7 - 16 Commercial Street, Risca, Newport, Gwent, NP11 6AY

  • Unconditional Online Auction Sale
  • Guide Price* : £63,000 +
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 2

Lot 7 - Property for Renovation

Description

ONLINE AUCTION from 5th NOVEMBER-7th NOVEMBER

A semi detached two bedroom property ideal for those looking for a project to renovate and resell.

The property offers good size living accommodation. The ground floor comprises lounge, dining room, kitchen and shower room. The first floor offers two double bedrooms, family bathroom with separate utility area. To the rear there is an enclosed garden (overgrown).

For buy to let purposes, typically two bedroom properties in good order can achieve in the region of £750-£800 per calendar month.

The property is located in Risca, which offers easy access to the M4 (J28) for Cardiff and Bristol. It also offers easy access to Newport and Cwmbran. Located within walking distance of all local amenities and located close to Cwmcarn Forest Drive which offers walks and biking trails.

Accommodation

Ground Floor: Two reception rooms, kitchen, shower room
First Floor: Two bedrooms, bathroom, utility room
Outside: Rear garden (overgrown)

Council Tax Band

C

Tenancies

To be sold with vacant possession

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential, we have a Lettings Department that can help you. Please call us on 01633 746800 or email sarah@paulfoshlettings.com for invaluable advice.

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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