Waiting for video...
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.
Ground Floor: Bedroom, lounge/diner, kitchen, bathroom
Outside: One parking space to rear
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.
Leasehold, new lease extension. 200 year lease from 2021 - to be verified by a solicitor
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.