PROPERTY experts are helping investors with their enquiries over the sale at auction of a former police station in Newport.
The substantial property in the Pill area of the city which has been converted to 10 luxury flats is being sold by Newport-based Paul Fosh Auctions.
Sean Roper, of Paul Fosh Auctions, said: “There is plenty of evidence to suggest that this would be an ideal investment property as a number of the apartments have well-established tenants.
“The former police station building has had an excellent upgrade and is well maintained and managed. It is situated to the southern end of Alexandra Road and close to the A48 Southern Distributor road offering easy access to the M4 east and west.
“It’s quite an arresting opportunity for someone looking to purchase an established modern apartment block with evidence of an interesting history, in the heart of the city of Newport.”
The property, which is being listed with a guide price of £340,000-plus, has four, one bedroom apartments, one two bedroom apartment and five studio units. There is car parking and a communal yard.
Fully let the Paul Fosh Auctions says the property could return monthly income of £4,895 equating to £58,740 a year.
The next Paul Fosh Auctions online sale, at which this property along with some 90-plus others, will be offered for sale, starts at 12 noon on Tuesday, June 8 and ends from 5pm on Thursday, June 10.
www.paulfoshauctions.com