Lot 61 - 103 Alexandra Road, Newport, NP20 2JG
- Unconditional Online Auction Sale
- Guide Price* : £375,000+
- Bedrooms: 0
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Lot 61 - Residential Investment
Description
ONLINE AUCTION from 7th OCTOBER - 9th OCTOBER 2025
A substantial freehold building comprising 10 flats. The property has been upgraded and well maintained and managed and is sold with a number of well established tenants. The property is situated to the southern end of Alexandra Road, close to the A48 southern distributor road offering easy access to the M4 both east and west.
The property has both gas or electric heating in various units and is UPVC double glazed and benefits from a rear car park/communal yard.
VIRTUAL TOUR
Accommodation
The property comprises:
4 x 1 bedrooms apartments
1 x 2 bedroom apartments
5 x rooms/studio units
Outside:
Carpark/Communal yard area
Accommodation
| Tenant | Rent |
|---|---|
| Self Contained Flat | £540 pcm |
| Self Contained Flat | £700 pcm |
| Self Contained Flat | £720 pcm |
| Bedsit | £625 pcm |
| Studio Bedsit | £725 pcm |
| Self Contained Flat | £825 pcm |
| Room | £550 pcm |
| Room | £450 pcm |
| Bedsit | £540 pcm |
| Bedsit | £650 pcm |
| Total monthly income | £6,325 |
| Total annual income £75,900 |
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 1.5% of the purchase price (subject to a minimum of £1,500) 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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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