Lot 36 - 223 Llantarnam Road, Llantarnam, Cwmbran, NP44 3BG

  • Unconditional Online Auction Sale
  • Guide Price* : £229,000+
  • Bedrooms: 0

LOT 36 - Detached Property for Investment

Description

ONLINE AUCTION from 13th DECEMBER-15th DECEMBER

This fully occupied detached property is an ideal investment opportunity.

This substantial Victorian building is currently let to long term tenants all keen to remain. The ground floor is currently occupied by ‘Cwmbran Laser and Skin Clinic’ and currently pays £6,000 PA.

The property offers a first floor two bedroom flat currently let at £500 pcm and a studio to the ground achieving £350 pcm.

The property benefits from parking to the front, double glazed windows, rear garden and garage.

Located in Llantarnam on the outskirts of Cwmbran, this property is conveniently placed for access to the M4 motorway network, both east and west bound. There is a railway station in Cwmbran which has a direct train to Cardiff, and the station at Newport goes directly to Bristol and London.

This property is currently managed by Paul Fosh Lettings and we can confirm that all rent payments are up to date. For any further information on the letting background of this great investment please contact our Lettings department who will be happy to assist you with any further queries.

Please be aware that Cwmbran Laser & Skin Clinic remains open and is unaffected

Accommodation

Ground Floor: Entrance, access to flat B, 2 treatment rooms, reception, wc
Ground Floor Side: Flat A (studio), entrance, kitchen, lounge/bedroom, shower room
First Floor: Landing, lounge, 2 bedrooms, kitchen, shower room
Outside: Parking to front, garage, rear garden

Council Tax Band

B

Tenancies

Cwmbran Laser Clinic currently on periodic contract at £6,000 pa
Flat A let on AST agreement at £350 pcm
Flat B let on AST agreement at £500 pcm

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/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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Paul Fosh Auctions
01633 254044

Office Contact

Gemma Vaughan

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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.

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