Lot 47 - 116 Commercial Road, Newport, NP20 2GW

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000+

House for Owner Occupation/Investment

Description

ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY

An excellent opportunity to acquire a three storey 7 bedroom property recently refurbished to a modern standard, including central heating, radiators, windows and doors and previously let as a HMO.

The mid terrace property is situated on a busy high street with both residential and commercial properties. Excellent local amenities and within a short distance to the University and Royal Gwent Hospital. Excellent road links via the M4.

Rental incomes previously attained per month:
Ground floor Bedroom £250
First floor Bedroom £250
Bedroom £250
Bedroom £ 350
Second floor Bedroom £250
Bedroom £350
Bedroom £250
Previous Annual income approximately £23,400
Anticipated Annual income approximately £34,240

VIRTUAL TOUR

Accommodation

Ground Floor: Hallway with stairs to first floor, lounge, dining room/bedroom, kitchen, utility room, shower room
First Floor: Landing with staircase to 2nd floor, 3 bedrooms, shower room, cloakroom
Second Floor: Landing, 3 bedrooms
Outside: Courtyard

Tenancies

To be sold with vacant possession

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.

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Paul Fosh Auctions
01633 254044

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