Lot 123: FREEHOLD RESIDENTIAL INVESTMENT

Sold £75,000

Situated a short distance from the centre of Newport, the Island’s county town, this detached bungalow is at present occupied under the terms of a lifetime tenancy and is considered ideal for an addition to an income-producing residential portfolio.

Accommodation

Living room, kitchen, two bedrooms and shower room with W.C.

Outside

Gardens to front and side.

Tenancy

We are advised that the property has been let to the same tenant since the 1960s at a current rental of £40 per week. We are further advised that the rent has never been registered and there is no Tenancy Agreement.

Residential EPC: G