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.
|Column 1||Column 2||Column 3|
|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|
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: 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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