Lot 87 - Freehold Reversion, 232 Chepstow Road, Newport, NP19 8EN

  • Unconditional Online Auction Sale
  • Guide Price* : Nil
  • Bedrooms: 0

Freehold Reversion

Description

An opportunity to purchase a freehold reversion on an end of terrace block of flats located on the popular Chepstow Road in Newport.

Download the legal documents for this property.

Accommodation

The building is made up of four flats:;

Tenant Rent
Flat Lease
Flat 1 999 year lease from 01st January 2020
Flat 2 999 year lease from 7th August 1991
Flat 3 999 year lease from 13th February 2007
Flat 4 999 year lease from 13th February 2007

Ground rent is charged at a peppercorn pa

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 £975) 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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Office Contact

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Paul Fosh Auctions
01633 254044

Documents

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