31 Bailey Street, Newport, NP20 4DJ

ONLINE AUCTION from 7th MARCH-9th MARCH A three bedroom terrace property located in Newport city centre. The property is situated approximately a 15 minute walk to the Royal Gwent Hospital, a 5 minute walk to Newport train station and a short drive to the M4. This makes it an ideal investment property for anyone wishing to rent to health professionals or people wishing to commute to Bristol or Newport. The property is currently tenanted and is achieving a monthly rental of £500pcm, although it is suggested that market rental for this property should be approximately £800pcm. Accommodation Ground Floor : Living room, kitchen, bathroom First Floor : 3 bedrooms Outside : Garden to rear Council Tax Band C Tenancies Currently tenanted and is achieving a monthly rental of £500pcm 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 of 1.5% of the purchase price (subject to a minimum of £1,500) 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.