Lot 15 - 49 Morden Road, Newport, NP19 7ES

  • Unconditional Online Auction Sale
  • Guide Price* : £199,000+

Block of Flats for Investment

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

A substantial end terrace property consisting of three, one bedroom flats and one studio. The property is situated close to local amenities and shops with Newport City Centre and the M4 only a short drive away.

The property offers an Ideal Buy to Let opportunity with potential rental income being in the region of £21,000 per annum.

The flats are in fair condition and could be rented in their current condition, but offers scope for improvement which would encourage a higher rental amount achieved.

The property benefits from gas central heating (not tested), double glazed windows and also a hard wired fire alarm system. To the basement flat there is a sizeable rear garden.

We can also offer assistance to any potential landlord with our lettings service. Please let us know.

Accommodation

Column 1 Column 2 Column 3
Floor Block Description
Basement Flat One Lounge, study, bedroom, kitchen, shower room, rear garden
Ground Floor Communal Entrance Hallway
Ground Floor Flat Two Lounge, bedroom, kitchen, shower room
First Floor Communal Hallway storage cupboard/utility room
First Floor Flat Three Lounge with open archway to kitchen, bedroom, shower room
Top Floor Studio Open plan room, shower room, wc

Tenancies

Flat 1, 2 & 3 To be sold with vacant possession
Studio Flat : Currently let on an Assured Shorthold Tenancy, further details within the legal pack.

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.

Bidding not yet open
Minimum Opening Bid

£179,000


Bidding Opens On
7th Dec 2021 12:00
Scheduled End Date

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Office Contact

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Paul Fosh Auctions
01633 254044

Documents

Legal Documents

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