Lot 79 - Ground Floor Flat, 16 Clytha Square, Newport, NP20 2EE

  • Unconditional Online Auction Sale
  • Guide Price* : £65,000+
  • Bedrooms: 1

Lot 79 - Flat for Owner Occupation/Investment

Description

ONLINE AUCTION from 16th MAY-18th MAY

Located within walking distance of the Royal Gwent Hospital and city centre, this property would make the ideal property for employees working for the hospital or an investor looking for a rental income. Being located close to the M4 and Newport train station, this property is in an ideal location for commuting to Cardiff, Bristol or for walking into Newport centre.

This ground floor flat briefly comprises of one large double bedroom, lounge/diner, kitchen, bathroom and hallway with storage. Additionally, this property benefits from one off road parking space.

The flat contains water, gas and electric (not tested). There are UPVC double glazed windows to the front and rear of the flat.

New 200 year lease extension.

The property is currently tenanted for a monthly rental of £625 pcm.

Accommodation

Ground Floor: Bedroom, lounge/diner, kitchen, bathroom
Outside: One parking space to rear

Tenancies

To be sold with tenant in situ - Please note that the tenant has indicated that they are hoping to vacant the premises in the near future although the tenant has not yet served notice.

Tenure

Leasehold, new lease extension. 200 year lease from 2021 - to be verified by a 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 £1,200) 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

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