2 bed flat for sale

2 Portobelo Court Jamaica Circle, Newport, Gwent NP10

For sale by online auction on Tuesday, 25 Mar 2025 ending at 14:02

Bidding opens Monday 24th March 2025 at 13.00 and closes Tuesday 25th March 2025 at 13.00.

Bidding opens Monday 24th March 2025 at 13.00 and closes Tuesday 25th March 2025 at 13.00.Investment Opportunity - Ground Floor 2 Bedroom ApartmentGround 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 CViewing Schedule Strictly by Appointment with Auction House Wales. Please call to book an appointment.Tenure: LeaseholdLease Details: 125 years from 29th November 2004EPC Rating: D

Additional Fees
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.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.