Lot 82 - Block of Flats, Melling Court, 134 Osborne Road, Pontypool, Gwent, NP4 6LT

  • Unconditional Online Auction Sale
  • Guide Price* : £154,000+
  • Bedrooms: 8

Residential Investment Opportunity

Description

A substantial block of four x 2 bedroom flats situated conveniently in Pontypool town centre. The flats are fully occupied and have enjoyed good occupancy levels historically.
The property has benefited from improvement works to include UPVC double glazing, CCTV security system, fire alarms and each flat has electric storage heating, fitted kitchens and bathrooms.

The town of Pontypool has an excellent range of amenities and shopping facilities and excellent road links to Newport.

* Please note photographs are for identification purposes only.

Tenancies

Flat 1 is let on AST at £400 per calendar month
Flat 2 is let on AST at £375 per calendar month
Flat 3 is let on AST at £415 per calendar month
Flat 4 is let on AST at £395 per calendar month
Total annual income £19,020

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 1.2% 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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