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103 , Alexandra Road, Newport, NP20 2JG

Semi-Detached Building / Former Police Station Arranged As 5 Flat & 5 Studio Flat & Parking Space Fully Let
Location: 103 Alexandra Road, Newport, NP20 2JG
Property type: Residential, Flat
Tenure type: For Sale Freehold, For Sale Leasehold
Tenancy type: Investment
** UNSOLD, PLEASE REFER TO AUCTIONEER **

Residential Investment

The Property is located on the southern section of Alexandra Road at its junction with Brunel Street and close to the junction with the Southern Distributor Road (A48).

Tenure
See Legal Pack

Description
The Property is a semi-detached building, formerly a Police Station which has been converted over recent years to provide No.4, 1 bedroom apartments, No.1, 2 bedroom apartment and No.5 studio apartments. There is a shared kitchen area and private parking to the rear.

Tenancies
The flats/studios are let on standard AST agreements. The rents quoted below are inclusive of bills, apart from heating and water which are paid separately.

Flat 1: £125 per calendar week
Flat 2: £135 per calendar week
Flat 3: £120 per calendar week
Flat 6: £120 per calendar week
Flat 7: £130 per calendar week
Flat 8: £135 per calendar week
Flat 9: £100 per calendar week
Flat 10: £100 per calendar week
Flat 11: £115 per calendar week
Flat 12: £120 per calendar week

Current Gross Rents Received: £1,200 per calendar week / £62,400 per annum.

Energy Efficiency Rating (EPC)
Current Rating E: 53

Local Authority
Newport City Council

Solicitors
Spicketts Battrick, 3 - 4 Gelliwastad Road, Pontypridd, CF37 2AU, Tel: 01443 407221

Additional Fees
Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 inc VAT, payable on exchange of contracts.

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