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.
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
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
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 £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.
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