Lot 1 - Central Buildings, 8, Oakdale, Blackwood, Gwent, NP12 0JU
- Unconditional Online Auction Sale
- Guide Price* : £139,000+
- Bedrooms: 2
- Bathrooms: 2
- Reception Rooms: 1
INVESTMENT OPPORTUNITY
Description
Offered for sale by auction, this superb mixed-use investment property in the sought-after location of Oakdale, near Blackwood, presents an excellent opportunity for investors. The property consists of a ground floor commercial unit, a spacious first-floor apartment, and a large garage unit to the rear, all of which are currently fully let.
The commercial unit is occupied by a well-established bakery chain that wishes to remain in place, providing a secure rental income of £500 per calendar month (£6,000 per annum). The first-floor apartment is a generously sized two-bedroom property benefiting from gas central heating, double glazing, and a small garden area. It achieves a rental income of £700 per calendar month (£8,400 per annum). The garage unit to the rear is also let, generating an additional £60 per calendar month (£720 per annum). All lets are professionally managed by Sage & Co Lettings, ensuring a hassle-free investment.
Situated in a thriving area with strong demand from both commercial and residential tenants, this property offers a fantastic income-generating opportunity. Whether expanding an existing portfolio or seeking a high-yield investment, this fully occupied property is not to be missed.
Accommodation
Ground Floor - Commercial unit currently occupied by well-established bakery
First Floor - Entrance porch, kitchen, bathroom, living room, 2-bedrooms
Outside - Garage unit to rear, courtyard area
Tenancy Details
To be sold subject to tenancies:
- Ground Floor: Currently let at £500 per calendar month (£6,000 per annum)
- First Floor Flat: Currently let at £700 per calendar Month (£8,400 per annum)
- Garage Unit: £60 per calendar month (£720 per annum)
Tenure
Tenure is advised as Freehold
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £995 inc. VAT
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
Loading the bidding panel...
Agreement Documents
Legal Documents
Log in to view legal documentsAdditional Documents
Related Documents
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.