Investment for sale in Newport

AUCTION PROPERTY This freehold block of five flats is situated in the heart of the town centre at Newport, the Isle of Wight's county town. The block comprises four, two-bedroom flats and a smaller one-bedroom unit, all of which are at present vacant. The apartments require some upgrading and refurbishment but are considered very worthy of the works required beyond which it is considered that the block will be ideally suited to addition to an income producing letting portfolio.

Ground Floor
Flat 1
Kitchen/living room, bedroom, shower room with W.C.
EPC Rating D
Council Tax Band A

Flat 5
Kitchen/living room, two bedrooms, shower room with W.C.
EPC Rating D
Council Tax Band B

First Floor
Flat 2
Kitchen/living room, two bedrooms, shower room with W.C.
EPC Rating C
Council Tax Band A

Flat 3
Kitchen/living room, two bedrooms, shower room with W.C.
EPC Rating D
Council Tax Band A

Second Floor
Flat 4
Kitchen/living room, two bedrooms, shower room with W.C.
EPC Rating E
Council Tax Band A


Outside
Enclosed garden to the rear.

Freehold with Vacant Possession

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/