Auction House / Wales
  • For Sale By Unconditional Online Auction
  • Guide Price* : £89,000
  • Bidding Opens 17/02/2025 13:00

2 Portobelo Court Jamaica Circle, Newport, Gwent, NP10 8AN

Bidding opens Monday 17th February 2025 at 13.00 and closes Tuesday 18th February 2025 at 13.00.

Description

Bidding opens Monday 17th February 2025 at 13.00 and closes Tuesday 18th February 2025 at 13.00.

Investment Opportunity - Ground Floor 2 Bedroom Apartment

Ground floor apartment to be sold with the long term tenant in situ. The apartment, which is very well presented, is currently let at £575.00 p/c/m. (£6,900 pa). In our opinion, market rent for the flat should be circa £800 p/c/m, therefore, this would provide the possibility of increase periodically inline with current legal landlord legal allowances.

Please refer to the legal pack for the full tenancy information. The apartment is located to the south of Newport city centre offering convenient access to the M4 at Junction 28 and the M48 to Cardiff. The apartment benefits from double glazing and an allocated parking space.

Accommodation. Entrance hall, lounge, kitchen, two bedrooms and a bathroom.
Outside Allocated parking space and visitor spaces.
Council Tax Band C
Viewing Schedule Strictly by Appointment with Auction House Wales. Please call 01633 212555 to book an appointment.

Tenure: Leasehold

Lease Details: 125 years from 29th November 2004

EPC Rating: D

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Buyers Premium

£600 inc VAT payable on exchange of contracts.

Administration Charge

1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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* Guide | £89,000
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 02920 475184 for more information

Legal pack Request more info
Unconditional Sale Terms & Conditions
Finance available on this property
Find out more

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.