Flat for sale in St. Brides Gardens, Newport NP20

Overview

Excellent investment opportunity to purchase five studio flats in the sought after location of Maesglas. Each studio flat features a spacious bedroom/ living room, a kitchen, bathroom, and the building has off-road parking. The flats are all being sold with tenants in situ achieving rents between £330pcm to £460pcm. Located a stone's throw away from Tredegar Park, the property has excellent road links to the M4 at Junction 28 and to Newport City Centre via either Cardiff Road or the A48. The property is popular with tenants working in the nearby business parks around Duffryn. The building has eight flats in total, and five of these are available for sale. All five flats are being sold with tenants in situ paying rents ranging from £330pcm to £460pcm. Each flat comprises of an open plan bedroom/ living room, a kitchen, and a bathroom. There is a small car park next to the flat for use by the residents.

Leasehold Information

Number of years remaining on the lease: 79 years

Current ground rent and any review period:
- £430 per year
- 1 year

Current service charge and any review period:
- £165 per year
- 1 year

Council tax band: A