Lot 28 - 103 Alexandra Road, Newport, NP20 2JG

  • Unconditional Online Auction Sale
  • Guide Price* : £340,000+
  • Bedrooms: 0

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Residential Investment

Description

ONLINE AUCTION from 8th - 10th June

A substantial freehold building comprising 10 flats. The property has been upgraded and well maintained and managed and is sold with a number of well established tenants. The property is situated to the southern end of Alexandra Road, close to the A48 southern distributor road offering easy access to the M4 both east and west.

The property has both gas or electric heating in various units and is UPVC double glazed and benefits from a rear car park/communal yard.

Please see legal pack for planning references

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Accommodation

The property comprises:
4 x 1 bedrooms apartments
1 x 2 bedroom apartments
5 x rooms/studio units
Outside: Carpark/Communal yard area

Accommodation

Tenant Rent
Room 1 £480 pcm
Room 2 £540 pcm
Room 3 £520 pcm
Room 6 £520 pcm
Room 7 £520 pcm
Room 8 £500 pcm
Room 9 £400 pcm
Room 10 £400 pcm
Room 11 £520 pcm
Room 12 £495 pcm
Total monthly income £4,895
Total annual income £58,740

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/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.

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