Studio House for sale

£200,000 SSTC

Union Street, Newport, PO30 1QB

Key features:

FREEHOLD BLOCK OF FIVE FLATS
LYCHFIELD HOUSE
PROPERTY FOR AUCTION
GUIDE PRICE a#163;230 - 250,000
CURRENTLY LET AT a#163;23,580 PER ANNUM
PERFECT ADDITION TO LETTINGS PORTFOLIO

Description

PRELIMINARY AUCTION DETAILS: *Guide Price : £200,000 - £210,000 + fees. For Sale by Public Auction at The Ageas Bowl, LOT NUMBER 97. Auction Date: 12 December 2017. Situated in central Newport, the Island's county town, this freehold building comprises five one bedroom flats, all of which are let on Assured Shorthold Tenancy Agreements. It is considered that the property is ideal for addition to a lettings portfolio for its ongoing income-producing potential.

COMMUNAL ENTRANCE
Front door to Communal Entrance Hall. Stairs off to First Floor. Cupboard. Door to:

FLAT 1, 19 UNION STREET (ground floor (ground floor))
Front door to Lobby. || Living Room (13' x 14') - Front aspect via window. Door to: || Inner hall. Cupboard off. Doors to: || Bedroom (10' x 12'6") - Side aspect via double glazed window. Door to side access. || Bathroom (6'6" x 6'3") || Kitchen (5' x 6'3").

FLAT 2, 19 UNION STREET (ground floor (ground floor))
Front door to Lobby. || Lounge (14' x 12'5") - side aspect via window. Doors to: || Kitchen (6'8" x 6'2") - side aspect via window. Plumbing for washing machine. Electric cooker. Space for fridge/freezer. || Bedroom (8'9" x 9'7") - window to rear. Door to: || Shower room.

FLAT 3, 19 UNION STREET (first floor (first floor))
Front door to Lobby. Door to Cupboard and Bathroom. || Lounge (13'7" x 14'7") - Side aspect via window. Doors to: || Kitchen (6'2) x 6'2") - rear aspect via window. || Bedroom (9'1" x 6'6") - rear aspect via window.

FLAT 4, 19 UNION STREET (first floor (first floor))
Door to Lobby. || Kitchen (9'6" x 8'6") - Front aspect via window. || Lounge (14'7" x 13'3") - Front aspect via window. Doors to: || Bedroom ( 9'8" x 12'1") - rear aspect via window. Door to cupboard. Door to Shower Room.

FLAT 5, 19 UNION STREET (second floor (second floor))
Front door. Stairs to Landing. Doors to: || Kitchen (9'6" x 14') - Front aspect via window. || Lounge (13'7" x 14'7") - Front aspect via window. || Bedroom (12'1" x 13'7") - Rear aspect via window. || Bathroom - rear aspect via window.

TENNURE
Flat 1 - Let under the terms of an Assured Shorthold Tenancy Agreement from 16th November 2013 at a monthly renal of £395. || Flat 2 - Let under the terms of an Assured Shorthold Tenancy Agreement from 4th October 2016 at a monthly rental of £375. || Flat 3 - Let under the terms of an Assured Shorthold Tenancy Agreement from 5th March 2012 at a monthly rental of £395. || Flat 4 - Let under the terms of an Assured Shorthold Tenancy Agreement from 12th August 2006 at a monthly rental of £400. || Flat 5 - Let under the terms of an Assured Shorthold Tenancy Agreement from 20th August 2016 at a monthly rental of £400.

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/