Lot 87 - Freehold Reversion, 232 Chepstow Road, Newport, NP19 8EN
Guide Price* : Nil
- Unconditional Online Auction Sale
Freehold Reversion
Description
An opportunity to purchase a freehold reversion on an end of terrace block of flats located on the popular Chepstow Road in Newport.
Accommodation
The building is made up of four flats:;
| Tenant | Rent |
|---|---|
| Flat | Lease |
| Flat 1 | 999 year lease from 01st January 2020 |
| Flat 2 | 999 year lease from 7th August 1991 |
| Flat 3 | 999 year lease from 13th February 2007 |
| Flat 4 | 999 year lease from 13th February 2007 |
Ground rent is charged at a peppercorn pa
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Guide Price* : Nil
- Unconditional Online Auction Sale
Freehold Reversion
Viewing
Paul Fosh Auctions
Office Contact
Ryan Saunders
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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