Lot 58

TWO BEDROOM FLAT FOR INVESTMENT

27F Holyrood Street, Newport, Isle Of Wight, PO30 5AZ
27F Holyrood Street, Newport, Isle Of Wight, PO30 5AZ
DECEMBER AUCTION

Currently let at £6,900 per annum

Located in central Newport, this two bedroom second floor flat is deceptively spacious and benefits from a roof terrace.

The property is considered ideal for addition to an investment portfolio for its income producing potential.

Accommodation

Entrance hall, kitchen, living room, two bedrooms, bathroom with W.C. and roof terrace.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 13th April 2019 at a current rental of £575 per calendar month.

Tenure

Remainder of a 999 year lease from 4th September 2009. Further details will be available within the legal documentation which can be downloaded from the Clive Emson website.

Leasehold

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 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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

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 cliveemson.co.uk/buyers-fees/