ONLINE AUCTION from 19th OCTOBER-21st OCTOBER
An end of terrace house in an extremely popular area of Newport.
The property, now vacant, has previously been let on shorthold tenancies and prior as a HMO. The house has been divided into 3 properties – a house to the front and 2 studio apartments to the rear.
All three properties have separate entrances and benefit from use of the courtyard at the rear. There is a vehicular gate giving access to parking via the rear shared driveway. The Vendor informs us that there is a dispute regarding the boundary – please read the legal pack for more information on this. The property could be returned to one residence (subject to necessary consents).
Caerleon Road provides local shopping and schools within walking distance and excellent commuter links via the M4 and Newport train station.
Offering an excellent rental investment, rental income could achieve:-
96a £650 per month
96b £420 per month
96c £420 per month
96A Ground Floor (front entrance): Hallway, lounge, kitchen, bathroom
First Floor: 2 bedrooms
96B Ground Floor (rear entrance): Hallway, cloakroom, separate shower cubicle, lounge/bedroom, kitchen
96C First Floor (rear entrance): Hallway, kitchen, lounge/bedroom, shower room
Outside: Courtyard area with side pedestrian gate, large gate for vehicle access via shared drive
To be sold with vacant possession
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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