Lot 15 - 94 Gladstone Street, Cross Keys, Newport, NP11 7PN

  • Unconditional Online Auction Sale
  • Guide Price* : £145,000+

HMO Investment Opportunity

Description

ONLINE AUCTION from 20th JULY-22nd JULY

This former six bed HMO is located in Crosskeys, Newport.

Approximately a 10 minute walk to Crosskeys train station, a 15 minute drive to Newport and 30 minute drive to Cardiff, this property is an ideal location for commuters.

The property is comprised over four floors, and contains six bedrooms, two kitchens and two bathrooms. We have been advised that the property is HMO compliant and contains the relevant fire system.

With an approximate rental income of £1,980 pcm (£330 per room), based on the guide price this property would generate an annual yield of 15.6%, ideal for any investors.

VIRTUAL TOUR/b>

Accommodation

Ground Floor: 2 bedrooms
Lower Ground Floor: Kitchen, bedroom, bathroom, storage cupboard
First Floor: 2 bedrooms, kitchen, bathroom
Second Floor: 2 bedrooms
Outside: Rear garden

Tenancies

To be 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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Paul Fosh Auctions
01633 254044

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