9 bed Flat For Sale, 50 Alexandra Road, Newport, Gwent NP20

Description

For sale by online auction - Lot 46 - Block of Flats for Investment
Bidding opens: 08/11/2022 12:00
Auction scheduled to end: 10/11/2022 18:32

online auction from 8th - 10th November

An excellent opportunity to purchase a substantial block of nine self contained flats. 6 x 1 bedrooms self contained flats and 3 x 1/2 bedroom self contained flats. On each floor there is 2 x 1 bedroom flats and 1 x 1/2 bedroom flats, all with gas central heating. There are 2 small courtyard areas. Each flat to be sold with tenant in situ with a total rental income of £42,000 per annum, with potential for rent increases on every flat. The area of Pill provides a good selection of shops and cafes whilst the main town of Newport with its railway station is a short distance away as is the Royal Gwent Hospital. There are excellent commuter links via the M4

Newport (Welsh: Casnewydd) is a city and county borough in Wales, situated on the River Usk, 12 miles (19 kilometres) northeast of Cardiff. Newport is the third-largest city in Wales. Newport has been a port since medieval times when the first Newport Castle was built by the Normans. Latterly its economy is bolstered as part of the M4 corridor high-technology cluster. It was granted city status in 2002. Newport hosted the Ryder Cup in 2010 and was the venue for the 2014 nato summit. It contains extensive rural areas surrounding the built-up core. Its villages are of considerable archaeological importance.

Virtual Tour

Ground Floor:
2 x one bedroom flats each with lounge, kitchen and bathroom, 1 x 1/2 bedroom flat with lounge, kitchen and bathroom
Communal hallway

First Floor:
2 x one bedroom flats each with lounge, kitchen and bathroom, 1 x 1/2 bedroom flat with lounge, kitchen and bathroom

Second Floor:
2 x one bedroom flats each with lounge, kitchen and bathroom, 1 x 1/2 bedroom flat with lounge, kitchen and bathroom

Outside:
Two small courtyard areas

Tenure:
Advised Freehold - to be verified by solicitor

Tenancies:
The 9 flats are let on assured shorthold tenancies at £42,000 pa

Investors:
If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email for invaluable advice.

Follow the link for more information:

        
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9 bed Flat For Sale £351,000 50 Alexandra Road, Newport, Gwent NP20

9 bed Flat For Sale £351,000
50 Alexandra Road, Newport, Gwent NP20