Almost fully let building with an annual income of £40,020, this is an excellent turn key investment opportunity situated in a prime location. The current rents create a yield (GIY) of 10.1%.
The building is made up of five self contained one bedroom flats access via the communal hallway. Each flat comprises of an open-plan kitchen/ living area, shower room and one double bedroom, all apartments are in a good condition throughout.
The property is located in a highly sought after rental location, Newport Road, which is within close distance to the city centre and provides excellent transport links.
To confirm details of the tenancies & for further details please refer to the legal pack when available.
GF - Two one bedroom flats comprising of kitchen/ living area, bedroom and shower room.
FF - Studio flat comprising of kitchen/ living/ sleeping area
Upper FF - One bedroom flat comprising of living room, kitchen, shower room, bedroom.
SF - One bedroom flat comprising of living room, kitchen, shower room, bedroom.
Informed Freehold – please refer to legal pack for verification of tenure
All flats are let for an annual income of £49,320, the breakdown of rents as below -
Flat 1 - £735 PCM
Flat 2 - £825 PCM
Flat 3 - £825 PCM
Flat 4 - £950 PCM
Flat 5 - Currently vacant, advertised to let for £790 PCM
To confirm details of the tenancies, please refer to the legal pack.
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.50% with a minimum of £1,500 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 7 July 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 6 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 7 July 2026
We've partnered with Watts Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* 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.
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.
