Four Freehold Flats For Investment

This large freehold semi-detached block is situated on a plot size of 0.05 hectares (0.11 acres) on St Johns Road, a short walk from Newport town centre. This four-storey building has a communal garden and a communal driveway where each flat has one allocated parking space. The flats are currently let on Assured Shorthold Tenancy Agreements. Flat 1 Basement Own entrance, kitchen, bathroom, living room and two bedrooms. Council Tax Band A Tenancy Let on an Assured Shorthold Tenancy Agreement which commenced on 31st July 2020 at a current rental of £695 per calendar month. Flat 2 Ground Floor Accessed via a communal hallway. Living room, kitchen, bathroom and bedroom. This flat has direct access onto the rear garden. Council Tax Band A Tenancy Let on an Assured Shorthold Tenancy Agreement which commenced 1st August 2014 at a current rental of £500 per calendar month, following a recent rent increase. Flat 3 First Floor Accessed via a communal hallway. Living room, kitchen, bathroom and bedroom. Council Tax Band A Tenancy Let on an Assured Shorthold Tenancy Agreement which commenced 14th June 2022 at a current rental of £550 per calendar month. Flat 4 Second Floor Accessed via a communal hallway. Living room, kitchen, bathroom and bedroom. Council Tax Band A Tenancy Let on an Assured Shorthold Tenancy Agreement which commenced 23rd June 2022 at a current rental of £550 per calendar month. Auctioneer’s Note 1 The Managing Agents inform us that the tenant of Flat 1 is due to vacate on 14th April 2023. Auctioneer’s Note 2 At the time of publication the Auctioneers have been unable to internally inspect the flats. These details have been supplied by the joint auctioneers and interested applicants should rely on their own investigations to verify the information provided.