Lot 64 - 5 Devon Place, Newport, NP20 4NU

  • Unconditional Online Auction Sale
  • Guide Price* : £109,000+

Investment Opportunity

Description

ONLINE AUCTION from 8th JUNE-10th JUNE

A mid terrace property located within Newport city centre. The property has been split into two self-contained maisonettes, with a communal entrance to the front of the property. It is ideally situated for accessing the city centre shopping facilities or the nearby train station. The M4 is easily accessible via Junction 26.

Further benefits include gas central heating (not tested). Each tenant is responsible for their own bills, except for the electric which is shared between the two occupiers.

Accommodation

Ground Floor: Communal entrance
Ground Floor-Flat 1: Kitchen/living/dining area
Lower Ground Floor: Bedroom, shower room, closet/study
Outside: Level garden area to rear
First Floor-Flat 2: Entrance hallway, kitchen, living room, bathroom
Second Floor: Bedroom

Tenancies

Flat 1 is let on AST at £300 pcm
Flat 2 is let on AST at £300 pcm
Total annual income - £7,200

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 £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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Paul Fosh Auctions
01633 254044

Documents

Legal Documents

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