Lot 25 - The Elms, New Dixton Road, Monmouth, Gwent, NP25 3SJ
- Unconditional Online Auction Sale
- Guide Price* : £780,000 +
- Bedrooms: 7
View a Walkthrough of the Property
Lot 25 - Substantial Investment Opportunity
Description
ONLINE AUCTION from 14th APRIL-16th APRIL
An impressive grade II Georgian detached residence offering a combination of established income and asset management potential, set within the sought after market town of Monmouth.
The property comprises a well presented principal residence alongside two self contained units arranged as a one bedroom and a two bedroom flat. Both are currently utilised as short term holiday lets providing an established income stream.
The main house offers generous accommodation, four double bedrooms, multiple reception rooms and a well appointed kitchen together with many original features.
Externally the property currently supports a cattery business. Whilst this will cease upon sale, with the appropriate licences the business could continue, however the space may offer scope for alternative uses subject to the necessary consents.
The layout and mix of accommodation provide flexibility for a range of approaches including continued short term letting, multi-generational living etc.
Situated in the sought after market town of Monmouth, a location well known for its strong tourism and consistent demand for short term accommodation. Positioned on the edge of the Wye Valley the area attracts year round visitors. Monmouth offers a busy town centre with a range of amenities alongside good road connectivity via the A40 providing access towards Bristol, Cardiff and the Midlands.
Accommodation
Main House
Ground Floor: Entrance Hallway, three reception rooms, snug, kitchen breakfast room, utility room, office
First Floor: Three bedrooms, ensuite shower room, kitchen/bedroom, family bathroom
Flat 1
Ground Floor: Open plan Kitchen lounge
First Floor: Bedroom, bathroom
Flat 2
Ground Floor: Open plan kitchen lounge
First Floor: 2 bedrooms, Bathroom
Outside: Gardens to the front, side and rear, parking for several cars, purpose built outbuildings (currently used as a cattery)
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 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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If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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