Lot 19 - 202 Chepstow Road, Newport, NP19 8EL

  • Unconditional Online Auction Sale
  • Guide Price* : £127,000+

Residential Investment

Description

ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER

An opportunity to acquire, 2 x two bedroom self-contained flats situated in a popular location.

The property is ideally situated for Newport city centre and the M4 motorway. The flats have benefitted from previous upgrading to include UPVC double glazing, gas central heating (not tested) and have refitted kitchen with appliances and refitted bathroom suites. The properties are both let to established tenants who have expressed a willingness to remain.

Accommodation

Ground Floor (202a) Ground floor entrance, lounge, kitchen, 2 bedrooms, bathroom
First Floor (202b) Lounge, kitchen, 2 bedrooms, bathroom
Outside: Rear garden

Tenancies

202a is let at £500 per calendar month
202b is let at £500 per calendar month
Total annual income £12,000

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 £750) 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. Please check accompanying legal pack for further details.

* 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.

Bidding not yet open
Minimum Opening Bid

£120,000


Bidding Opens On
8th Dec 2020 12:00
End Date

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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