Lot 50 - 19 Downing Street, Newport, NP19 0JL

  • Unconditional Online Auction Sale
  • Guide Price* : £80,000+

Residential Investment

Description

ONLINE AUCTION from 20th JULY-22nd JULY

An opportunity to acquire a freehold property with two flats situated in a well established residential location close to local amenities and convenient for the city centre and link roads to the M4.

The property currently has one flat let and one flat vacant which offers scope to improve. There is also a development opportunity (subject to planning consents) on a garage/workshop to the rear of the property, fronting Lloyd Street.

Accommodation

Ground Floor: Flat 1 Please note a full inspection was not available prior to going to print however we believe it comprises: Entrance, lounge, bedroom, kitchen, bathroom
First Floor: Flat 2 - Entrance, stairs to landing, lounge, kitchen, bedroom, bathroom
Outside: Yard area and spacious garage/workshop with scope to develop (subject to the usual planning consents)

Tenancies

Flat 1 let on AST at £375.00 pcm (£4,500 p/a)
Flat 2 is sold with vacant possession

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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Sold for £101,000

This auction is now closed.

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Office Contact

Sean Roper

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