Lot 45 - 236 Chepstow Road, Newport, NP19 8EN

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

LOT 45 - Property for Investment/Renovation

Description

ONLINE AUCTION from 17th May -19th May

A four storey traditional bay fronted property partially converted.

The property would make an ideal investment property and would be suitable for conversion to HMO or flats (subject to any necessary consents ). Currently the property is arranged as a self contained one bed basement flat and the ground floor is currently arranged as a one bed flat.

The third and fourth floor are currently in need of renovation but offer good sized living accommodation. One bedroom flats in the area are achieving around £550 per calendar month.

The property is located within walking distance of local amenities and offers excellent road links to the M4 (J24).

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us on 01633 746800 or email rhys@paulfoshlettings.com for invaluable advice.

Accommodation

Basement: A self contained flat comprising entrance, bedroom, lounge, kitchen, shower room, courtyard garden
Ground Floor Flat: Entrance, lounge, bedroom, kitchen, courtyard garden
First Floor: 3 bedrooms, bathroom
Top Floor: Bedroom/lounge, former kitchenette area, bathroom

Tenancies

The ground floor is currently let at £435pcm
The basement, first floor and top floor 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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