Lot 29 - 323 Newport Road, Cardiff, CF24 1RL

  • Unconditional Online Auction Sale
  • Guide Price* : £250,000+

Residential Investment

Description

ONLINE AUCTION 11th JUNE 2020

A recently refurbished and upgraded semi detached property comprising six studio flats, 3 of which are now let. The flats benefit from new kitchens with appliances, refitted shower room/wcs and is very well presented throughout. The property also benefits from UPVC double glazing, gas central heating (not tested), has off road

parking and a garage/storage unit which may offer scope for further development (subject to necessary planning consents). The property is situated on Newport Road which is one of the main arteries into Cardiff city centre from the east and is ideally situated for local amenities, shopping facilities and transport links.

Accommodation

Tenant Rent
Floor Description
Ground Communal hallway
Ground (Studio 1) Living area/kitchen, shower room
Ground (Studio 2) Living area/kitchen, shower room
Ground (Studio 3) Living area/kitchen, shower room
First Landing
First (Studio 4) Lobby area, living area/kitchen, shower room
First (Studio 5) Living area/kitchen, shower room
First (Studio 6) Living area/kitchen, shower room
Outside Driveway to front with parking area, garage with storage area, offering scope to improve, rear garden

Tenancies

3 of the flats are now let at £550.00 per calendar month
Total annual income when fully let £39,600

Potential Rental When Fully Let Income: £43,200 pa
For further details, please email Adrian at adrian@paulfoshlettings.com

Tenure

Advised Freehold - to be verified by solicitor

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

The auction has not yet started
Minimum Opening Bid

£245,000


Bidding Opens On
9th Jun 2020 12:00
End Date

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Office Contact

Sean Roper

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

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