Lot 46 - 213 Chepstow Road, Newport, NP19 8GX

  • Unconditional Online Auction Sale
  • Guide Price* : £199,000+
  • Bedrooms: 1

Addendum

This property is leasehold and not freehold as originally stated.

Investment Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

A substantial building which consists of four 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 via Junctions 24 and 26.

The property has a current HMO license and is mainly occupied.

This would be ideal for those looking to invest in the area, with the building offering an attractive yield on a buy-to-let basis.

Accommodation

Floor Description Rent
Lower Ground Floor Flat 1 - Entrance hallway, living room, kitchen, bathroom, bedroom Let on AST at £375pcm
Ground Floor Communal entrance
Ground Floor Flat 2 - Entrance hallway, living room, bedroom, kitchen/diner, bathroom Currently vacant but is advertised to Let at £425pcm
First Floor Flat 3 - Entrance hallway, living room, bedroom, kitchen, bathroom Let on AST at £275pcm
First Floor Flat 4 - Entrance hallway, living/kitchen/diner, bedroom, bathroom Let on AST at £375pcm
Total Annual Income Currently achieving £1,025pcm but when fully let there is a potential income of £1,450pcm

Tenure

Advised Leasehold - 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.

Loading the bidding panel...

Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Documents

Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

Share