Bidding opens Monday 5th October 2026 at Midday and closes Wednesday 7th October 2026 at Midday
Description
Bidding opens Monday 5th October 2026 at Midday and closes Wednesday 7th October 2026 at Midday
Investment Opportunity - 2 Apartments
End of terrace house which has been converted into two, self contained apartments. Each flat benefits from its own private entrance, gas central heating, (not tested) and double glazing. The property is located just outside the Newport city centre on the west side of Newport with excellent access to the M4 at Junction 27. There is a rear garden with the ground floor flat which is currently tenanted and is to be sold with the tenant in situ.
Ground Floor Apartment Private entrance into a period entrance hall, living room, kitchen breakfast room, one double bedroom, rear hallway and a shower room. Access to a level rear garden. The ground floor is tenanted and it to be sold with the current tenant in situ. Please refer to the legal pack for the lease information. Current rent payable - £525 pcm.
First Floor Private entrance with stairs leading the first floor landing, living room, kitchen, two bedrooms and a bathroom. The first floor flat is sold with vacant possession.
Lease Information 2 Preston Avenue - 999 years from 25 March 1985.
2a Preston Avenue - 999 years from 23 April 1986.
Viewings Auction House Wales 01633 212555
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
Tenure: Leasehold
Lease Details: 2 Preston Ave 999 years from March 1985 & 2A Preston Ave 999 years from 23 April 1986
EPC Rating: 2 - D & 2A - C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£900 inc VAT payable on exchange of contracts.
Administration Charge
1.5% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
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- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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