Lot 40 - 70-74 Somerton Road, Newport, Newport, NP19 0JE

  • Unconditional Online Auction Sale
  • Guide Price* : £170,000

Block of Flats With Potential

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

A block of three flats that require upgrading and refurbishment. There may be scope to reconfigure the units into four or potential to split the unit vertically into 2/3 houses (subject to neccessary planning consents).

The property is situated in a well established residential location close to local amenities and nearby retail parks and convenient for Newport city centre and link roads to the M4 motorway.

VIRTUAL TOUR

Accommodation

Communal hallway:
Flat 72: Entrance, lounge, bedroom, kitchen area, shower room area
Flat 72b: Entrance, lounge, kitchen area, bathroom area, 2 bedrooms
Stairs to first floor:
Flat 73c: Entrance hallway, lounge, kitchen area, 2 bedrooms, bathroom area
Outside: Rear courtyard

Tenancies

To be sold with vacant possession but should let for
1x 1 bed £550.00 pcm
2 x 2 Bed £625.00 pcm
Toal income £1,725pcm
£20,700 p/a

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.

Bidding not yet open
Minimum Opening Bid

£153,000


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

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