Lot 48 - Flats C & D, 140 Commercial Road, Newport, NP20 2PJ

  • Unconditional Online Auction Sale
  • Guide Price* : £88,000+

LOT 48 - Residential Investment

Description

ONLINE AUCTION from 17th MAY-19th MAY

An opportunity to acquire two flats that are currently let. The flats are situated in the bustling commercial road area of Newport and ideal for access to Newport City centre and good road links to the M4 motorway.

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

Please note internal inspection was not carried out by auctioneers however we believe it comprises:
Flat C Entrance, lounge, kitchen, bathroom, bedroom
Flat D: Entrance, lounge, kitchen, bathroom, bedroom

Tenancies

Flat C is let at £4650 per annum
Flat D let at £4650 per annum
Total annual income £9,300

Tenure

Advised Leasehold - 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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