ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER
A substantial block of five flats situated in a well established residential location. The flats are ideal for access to Newport city centre and there are excellent road links to the M4 motorway. The property benefits from UPVC double glazing and each flat has its own electric storage heating (not tested) and fitted kitchens and bathrooms.
Please note the property has not been inspected internally by the auctionerers however we believe it comprises:
Flat 1: Entrance, lounge, kitchen, bedroom, bathroom
Flat 2: Entrance, lounge, kitchen, bedroom, bathroom
Flat 3: Entrance, lounge, kitchen, bedroom, bathroom
Flat 4: Entrance, lounge, kitchen, bedroom, bathroom
Flat 5: Entrance, lounge, kitchen, bedroom, bathroom
Outside: Rear garden
Flat 1 is let on AST at £350 per calendar month
Flat 2 is let on AST at £375 per calendar month
Flat 3 is let on AST at £395 per calendar month
Flat 4 is let on AST at £410 per calendar month
Flat 5 is let on AST at £320 per calendar month
Total annual income £22,200 per annum
Advised Freehold - to be verified by solicitor
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. 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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