Studio for sale in Freehold Reversion Of Glanmor Court, Glanmor Crescent, Newport NP19
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Property description
For sale by online auction - Lot 47 - Freehold on a Block of 8 Flats (4 with short leases)
Bidding opens: 09/04/2024 12:00
Auction scheduled to end: 11/04/2024 18:23
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.
Property info
For more information about this property, please contact
Paul Fosh Auctions, NP20 on +44 1633 371140 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Paul Fosh Auctions, and do not constitute property particulars. Please contact Paul Fosh Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
