326 Elm Dr, Risca, Newport NP11 6PD

Newport, NP11 6PD

4 Bedrooms2 BathroomsLeasehold

1 / 2

Description

Bedrooms4

Bathrooms2

Reception rooms1

TenureLeasehold

OccupancyTenanted

## 326 Elm Drive, Risca, Newport, NP11 6PD **An Excellent Opportunity for Investors and Buyers Alike – For Sale by Auction** Situated in the popular residential area of Risca, this property presents an exciting opportunity for investors, developers and buyers looking to secure a property with potential. Located on Elm Drive, the property benefits from an established residential setting, with convenient access to a range of local amenities, including shops, schools, leisure facilities and transport links. Risca is well positioned for access to Newport, Cardiff and the surrounding South Wales area, making it an appealing location for both homeowners and investors. **Location** Risca is a well-established town offering a variety of everyday amenities, independent shops, supermarkets and recreational facilities. Risca & Pontymister railway station provides connections towards Cardiff and Ebbw Vale, while nearby road links offer convenient access to Newport and the wider motorway network. **Auction Opportunity** Offered for sale by auction, this property provides an opportunity for prospective purchasers to acquire a property in a sought-after and accessible South Wales location. Interested parties are encouraged to arrange a viewing, review the legal documentation and undertake their own due diligence before bidding. **Viewings:** Strictly by appointment. **Important Information:** Buyers should refer to the legal pack and auction terms for full details of the property and conditions of sale. Leasehold: 999 years remaining on the lease. Ground rent: £250 per annum. Service charge: £150 per annum. Tenanted: 1 tenant, rent £700 per tenant per calendar month. Total rental income: £700 per calendar month.

Disclaimer

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. Measurements, distances and plans are approximate and for guidance only. It should not be assumed that the property has all necessary planning, building regulation or other consents. Purchasers must satisfy themselves by inspection or otherwise.

Fee

Unconditional auction — Buyer's fee applies

The successful buyer pays a buyer's fee of 5% of the final purchase price, subject to a minimum of £4,000, plus VAT on the fee. This fee is payable to Your Sale Auction Limited and is an additional charge that does not count towards the purchase price.

When the auction closes with a successful bid, contracts are exchanged and both buyer and seller are legally committed to the sale. A 5% deposit is required towards the purchase price, in addition to the buyer’s fee. Legal completion is due within 28/56 days of the auction, as specified in the lot’s special conditions.

For auction winners, the £2,000 holding fee already paid is credited against the fee due. The deposit and buyer’s or reservation fee cannot be collected until Your Sale has approved the buyer’s external AML check. Please read the legal pack and the applicable auction terms before bidding.

Terms & Conditions

By registering to bid and/or placing a bid, you agree to be bound by the auction Terms & Conditions. All bids are legally binding and cannot be withdrawn. If you are the winning bidder at auction, the auction contract applies. Please read the full Terms & Conditions before bidding.

View full Terms & Conditions