Investment Opportunity for Auction Newport PO30 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Fri, 01/11/2024 - 11:00

Guide Price £450,000. This property comprises seven two-bedroom flats and sits on a substantial plot of 0.18 hectares (0.45 acres). As well as the main building, there is a large communal garden and two substantial garage blocks which may offer scope and potential for future development, subject to all necessary consents being obtainable. Currently let, the flats are producing a very healthy income and are considered ideal for continued use as an income producing investment. Freehold with part vacant possession. Currently let at £43,380 plus vacant flat. Estimated rental income £50,460 per annum.

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