Bidding opens Monday 24th March 2025 at 13.00 and closes Tuesday 25th March 2025 at 13.00.
Investment Opportunity - Ground Floor 2 Bedroom Apartment
Ground floor apartment to be sold with the long term tenant in situ. The apartment, which is very well presented, is currently let at £575.00 p/c/m. (£6,900 pa). In our opinion, market rent for the flat should be circa £800 p/c/m, therefore, this would provide the possibility of increase periodically inline with current legal landlord legal allowances.
Please refer to the legal pack for the full tenancy information. The apartment is located to the south of Newport city centre offering convenient access to the M4 at Junction 28 and the M48 to Cardiff. The apartment benefits from double glazing and an allocated parking space.
Accommodation. Entrance hall, lounge, kitchen, two bedrooms and a bathroom. Outside Allocated parking space and visitor spaces. Council Tax Band C Viewing Schedule Strictly by Appointment with Auction House Wales. Please call to book an appointment.
Tenure: Leasehold
Lease Details: 125 years from 29th November 2004
EPC Rating: D
Administration Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Agent Details
Auction House Wales, Wales
01633 603922
Next Steps?
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