Lot 21 - 25 Ruperra Street, Newport, Gwent, NP20 2AZ

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

Residential Investment

Description

ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY

A substantial property comprising three self contained flats. The property is situated in a well established residential location, close to Newport city centre. The property is fully let to established tenants and has historically enjoyed good occupancy levels.

The city of Newport has enjoyed an excellent amount of regeneration investment, over the last decade, and is convenient for access to both Cardiff and Newport via the M4 motorway.

VIRTUAL TOUR

Accommodation

Ground Floor: Communal entrance
Flat 1: Lounge/bedroom, kitchen, bathroom and 2 storage rooms
First Floor: Flat 2: Entrance, lounge, kitchen, bathroom, 2/3 bedrooms
Second Floor: Flat 3: Entrance, lounge, kitchen, bathroom, 2 bedrooms

Tenancies

Flat 1 is let on AST at £433 per calendar month
Flat 2 is let on AST at £433 per calendar month
Flat 3 is let on AST at £433 per calendar month
Total annual income £15,588

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

£145,000


Bidding Opens On
2nd Feb 2021 12:00
End Date

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Office Contact

Sean Roper - sean@paulfoshauctions.com

Documents

Legal Documents

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