This property has been taken off the market.
House For Sale Glanmor Crescent, Newport, NP19
£14,500
Auction Property
Short Lease
1 of 3
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Last Updated: 21st March 2024
Description
FOR SALE BY ONLINE AUCTION - Lot 47 - Freehold on a Block of 8 Flats (4 with short leases)
ON LINE AUCTION from 9th APRIL-11th APRIL
For sale is the freehold of a block of eight flats.
The purchaser for this lot will secure the freehold, subject to a lease being in place. A number of the flats have short leases and may wish to extend their lease within the next few years. If the lease expires and no action is taken by the lessee, the property will revert to the freeholder. If between now and the expiration of the lease, the lessee exercises his/her right to request a lease extension, a substantial cost will be paid to the freeholder.
The property is currently collecting the following income:
Service charge £9,600 per annum
Ground rent: £800 per annum
The building is situated in a desirable area in the City of Newport and is a short distance from the city centre. Newport bus and train station are both approximately a 10 minute drive.
ON LINE AUCTION from 9th APRIL-11th APRIL
For sale is the freehold of a block of eight flats.
The purchaser for this lot will secure the freehold, subject to a lease being in place. A number of the flats have short leases and may wish to extend their lease within the next few years. If the lease expires and no action is taken by the lessee, the property will revert to the freeholder. If between now and the expiration of the lease, the lessee exercises his/her right to request a lease extension, a substantial cost will be paid to the freeholder.
The property is currently collecting the following income:
Service charge £9,600 per annum
Ground rent: £800 per annum
The building is situated in a desirable area in the City of Newport and is a short distance from the city centre. Newport bus and train station are both approximately a 10 minute drive.
Agent Details
Paul Fosh Auctions
108, Lower Dock Street, Newport, NP20 2AG
Show Contact Number
01633 254 044
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.