Lot 75 Freehold Residential InvestmentAuction Date:
13th December 2023
5 Beech Road, Newport, Isle Of Wight, PO30 2AH
Currently let at £4,160 per annum
This detached bungalow is situated a short distance from the centre of Newport, the Island’s county town. At present occupied under the terms of a Regulated Tenancy the property is considered ideal for addition to an income-producing portfolio.
Ground Floor
Living room, kitchen, two bedrooms and shower room with W.C.
Outside
Gardens to front, side and rear.
Tenancy
We are advised that the property has been let to the same tenant since the 1960s at a current rental of £80 per week. Further details will be available to download from the Clive Emson website.
Viewing
External only. Interested parties are requested not to contact the tenant direct.
Auctioneer’s Note
We understand the rent re-registration is due on or around 9th December 2023.
Council Tax Band B
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
