Lot 55 - 36A-36E High Street, Blaina, NP13 3AQ
- Unconditional Online Auction Sale
- Guide Price* : £250,000+
- Bedrooms: 10
Lot 55 - Investment Opportunity
Description
ONLINE AUCTION from 14th APRIL-16th APRIL
An opportunity to acquire a block of five flats in Blaina, offered as an investment with all units fully tenanted.
The property comprises a semi-detached building arranged as four flats, together with an additional flat to the rear. We have been informed that all flats provide two bedrooms, living area and kitchen facilities.
Council Tax Band
A
Accommodation
We have been advised by the landlord that all tenants are on periodic tenancies and currently generating the following rental income:;
| Tenant | Rent |
|---|---|
| Flat A | £500 pcm |
| Flat B | £650 pcm |
| Flat C | £685 pcm |
| Flat D | £455 pcm |
| Flat E | £575 pcm |
| Total Monthly Income | £2,685 pcm |
| Total Yearly Income | £34,380 pa |
The property offers an attractive income-producing investment with potential for future rental growth.
Tenancies
To be sold with tenants in situ.
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 or email lettings@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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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
Legal Documents
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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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