Lot 55 - 36A-36E High Street, Blaina, NP13 3AQ

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Lot 55 - 36A-36E High Street, Blaina, NP13 3AQ

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Guide Price* : £250,000+

  • Unconditional Online Auction Sale
  • 10 Bedrooms

Lot 55 - Investment Opportunity

Description

ONLINE AUCTION from 14th APRIL-16th APRIL

An opportunity to acquire a block of five flats in Blaina, offered as an investment with all units fully tenanted.

The property comprises a semi-detached building arranged as four flats, together with an additional flat to the rear. We have been informed that all flats provide two bedrooms, living area and kitchen facilities.

Please Note: This property has a 56 day completion.

Council Tax Band

A

Accommodation

We have been advised by the landlord that all tenants are on periodic tenancies and currently generating the following rental income:;

Tenant Rent
Flat A £500 pcm
Flat B £650 pcm
Flat C £685 pcm
Flat D £455 pcm
Flat E £575 pcm
Total Monthly Income £2,685 pcm
Total Yearly Income £34,380 pa

The property offers an attractive income-producing investment with potential for future rental growth.

Tenancies

To be sold with tenants in situ.
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 lettings@paulfoshlettings.com for invaluable advice.

Tenure

Advised Freehold - to be verified by solicitor

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.

Virtual tour

Guide Price* : £250,000+

  • Unconditional Online Auction Sale
  • 10 Bedrooms

Lot 55 - Investment Opportunity

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Paul Fosh Auctions

01633 254044

Joint Agent

Howard Bowes

howard@harveybowes.com 02920676716
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Office Contact

James Hollingsworth

jamesh@paulfoshauctions.com 7930173054
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Documents

Lot 55 - 36A-36E High Street, Blaina, NP13 3AQ

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