For sale by online auction - Excellent Investment Opportunity
Bidding opens: 07/12/2021 12:00
Auction scheduled to end: 09/12/2021 17:10
online auction from 7th december-9th December
This property consists of a block of eleven apartments. Four studio apartments, six x1 bedroom apartments & one x2 bedroom apartment.
The apartments would benefit from some refurbishment so may interest buyers looking to renovate to re-sell or for buy to let as long terms investement. Benefitting from rear car parking area, new interlinked fire alarm system, the property also benefits from local shops and is within walking distance to the city centre and Royal Gwent hospital. Excellent commuter links via the M4 motorway.
Please note The property has not been inspected internally, however we believe it comprises:
Studio Apartments Living/bedroom, kitchenette, bathroom
One bedroom Apartments Living room, bedroom, kitchen, bathroom
Two Bedroom Apartment Living room, 2 bedrooms, kitchen, bathroom
Outside Rear car parking area
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
All eleven apartments are currently let. If the flats were renovated to a good standard we believe the studio apartments would achieve in the region of £450 pcm, the one bedroom apartment in the region of £475 pcm and the two bedroom apartment in the region of £550 pcm. This offers a potential income of £62,400 per annum.