Auction Property

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Location: 47A, 47B and 47D Dolphin Street, Newport, Gwent, NP20 2AT

Summary:
Residential Investment - Three Houses

Guide Price: 120,000

Full Description:

Offered for sale are three tenanted modern two bedroom houses having colourwashed rendered elevations beneath pitched slate roof coverings. All of the properties benefit from double glazed timber sash windows to the front and uPVC double glazed fenestration to the rear and gas central heating (not tested).

The houses are located within 0.5 miles of the City Centre close to the local shops, schools and amenities. Newport as a city has increased in popularity through the abolishment of the Severn Bridge tolls leading to inward residential and commercial investment such as the recent Friars Walk Shopping Centre and further waterfront development on the river .

Accommodation:

47A Dolphin Street

GF: Hallway, lounge open to dining room/kitchen, ground floor w/c

FF: Landing, two bedrooms, bathroom

OS: Area to the rear

47B Dolphin Street

GF: Hallway, lounge open to dining room/kitchen, ground floor w/c

FF: Landing, two bedrooms, bathroom

OS: Area to the rear

47D Dolphin Street

GF: Hallway, lounge open to dining room/kitchen, ground floor w/c

FF: Landing, two bedrooms, bathroom

OS: Area to the rear.

Tenancies: All properties are let by way of holding over on Statutory Periodic Tenancies:

47A Dolphin Street – Let at £200 pcm

47B Dolphin Street – Let at £475 pcm

47D Dolphin Street – Let at £475 pcm

Therefore the three properties are providing a total current annual income of £13,800 per annum with scope for betterment

 Tenure: Presumed Freehold – please refer to the legal pack for verification of tenure.

 Viewing: Strictly by appointment with Auctioneers Office, Seel & Co Ltd (029) 2037 0117

 Guide Price: £120,000

Additional Fees:

Buyers Premium – 0.5% with minimum of £600 (inc of VAT) payable on exchange of contracts. Please check the legal pack for any further disbursements that may be payable by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.