Lot 22 - 9 Mill Parade, Newport, Gwent, NP20 2JQ

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

Addendum

Sold Prior

LOT 22 - Residential investment

Description

ONLINE AUCTION from 17th MAY-19th MAY

A substantial Freehold building comprising a 5 bedroomed residence with lower ground floor offering potential to convert to a flat or extra accommodation. The 5 bedroomed residence is currently let to an established tenant keen to remain. The building may also offer scope to convert to flats in the future (Subject to Necessary Planning Consents). The building is ideally located for local shops and amenities, access to Newport City Centre and 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

Ground Floor: Entrance lounge/kitchen
First Floor: Landing, bathroom, 2 bedrooms
Second Floor: Landing, 3 bedrooms
Lower Ground Floor: basement area with 2/3 rooms
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

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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