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ONLINE AUCTION from 7th SEPTEMBER-9th SEPTEMBER
Located in Newport, this property would make the ideal residential investment. Perfect for commuters, this property is located close to Newport train station, and the M4, both of which provide access to Bristol and Cardiff. Additionally, the property benefits from being walking distance to Newport city centre.
We have been advised that the building is currently comprised of a one bedroomed flat on the ground floor and a three bedroomed house. The flat is currently tenanted and achieving £350 per a month. The tenant has been in situ for approximately 7 years and is residing on a periodic tenancy. The house has previously been let on a separate room basis, with each room achieving £300 per a month. At present there is one tenant in occupation who is paying £300 per a month.
*Please note that the auctioneer has not been able to gain access to the property*
Lower ground floor
Flat: Tenanted on a periodic tenancy, achieving £350 per a month
House: 1 tenant in occupancy, currently on a periodic tenancy, achieving £300 per a month
Advised Freehold - to be verified by solicitor
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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