Lot 10 - 4 Flats at, 85 Hanbury Road, Pontnewynydd, Pontypool, Gwent, NP4 6PF

  • Unconditional Online Auction Sale
  • Guide Price* : £140,000+
  • Bedrooms: 1

LOT 10 - Residential Investment Opportunity

Description

ONLINE AUCTION from 21st JUNE-23rd JUNE

A freehold investment opportunity which comprises four upgraded flats.

The property has always enjoyed high occupancy levels with many long-term tenants. Each of the flats benefit from new electric storage heating (not tested), fitted kitchens and bathrooms.

The property is situated in a well-established residential location which is convenient for local amenities and access to Pontypool town centre with its excellent range of facilities and a Tesco supermarket. There are excellent road links to Cwmbran, Newport 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 or email rhys@paulfoshlettings.com for invaluable advice.

VIRTUAL TOUR

Accommodation

Ground floor (separate access): Flat 4 entrance, kitchen, lounge, bedroom, bathroom, access to courtyard
First floor: Flat 2 entrance, lounge, kitchen, bedroom, bathroom, WC
Ground floor: Flat 3 hallway, lounge, kitchen, bedroom, bathroom
First floor: Flat 1, entrance, lounge, kitchen, bedroom, bathroom
Outside: Courtyard to rear

Tenancies

Flat 4 Let at £325.00 PCM
Flat 2 Let at £325.00 PCM
Flat 3 Let at £325.00 PCM
Flat 1 Let at £325.00 PCM

£1,300 pcm - £15,600 pa

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) 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/land transaction tax (LTT). 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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Bidding History 6 Bids
User Amount Date
Bidder 5 £144,000 23/06/22 17:18:40
Bidder 4 £142,000 23/06/22 16:45:29
Bidder 1 £138,000 23/06/22 11:19:36
Bidder 3 £134,000 22/06/22 21:40:31
Bidder 2 £130,000 22/06/22 21:40:02
Bidder 1 £126,000 21/06/22 21:01:20

Viewing Information

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Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper

Documents

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Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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