Lot 21 - 7 Mill Parade, Newport, Gwent, NP20 2JQ

  • Unconditional Online Auction Sale
  • Guide Price* : £118,000+

Addendum

Sold Prior

LOT 21 - Residential investment

Description

ONLINE AUCTION from 17th MAY-19th MAY

A substantial semi-detached property comprising of a 5 bedroom residence with separate lower ground floor flat. The 5 bedroom property is currently let to tenants keen to remain, whereas the lower ground floor flat is vacant and requires improvement work. The property is situated in an area convenient for local amenities, shops and the city centre and M4 motorway. The property may also offer scope to covert into flats in the future (Subject to Necessary Planning Consents).

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

Ground Floor: Entrance hall, lounge dining room, kitchen
First Floor: Landing, 2 bedrooms, bathroom
Second Floor: 3 bedrooms
Outside: Rear Garden

Tenancies

5 bed residence let at £ 550 pcm £6,600 p/a ( could let for more)
Lower Ground Floor to be sold with vacant possession but should let when improved at £375. £4,500 P/A
Potential income £11,100 or higher

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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