150 years of excellence

£1,800,000 Sandalwood Court Prince Street NP19

Call 01633 740306 between 9:00 – 20:00. CJ Hole Newport.

C J HOLE ARE PLEASED TO PRESENT THIS FANTASTIC INVESTMENT OPPORTUNITY**28 APARTMENTS**BUILT 2007** ALL FULLY LET**22 OF THE 28 APARTMENTS RENTED TO NEWPORT COUNCIL ON 5 YEAR LEASES**ANNUAL INCOME £140,455.52**£33,300 PER MTH PAID IN ADVANCE**HIGH QUALITY APARTMENTS**WALKING DISTANCE TO CITY CENTRE**CLOSE TO MANY AMENITIES AND GREAT ROAD LINKS/ACCESS TO MOTORWAY**BEING SOLD DUE TO RETIREMENT**

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INVESTMENT OPPORTUNITY FOR SALE

• FREEHOLD RESIDENTIAL INVESTMENT• BEING SOLD DUE TO RETIREMENT• FULLY LET• 22 OF THE 28 UNITS LET TO NEWPORT COUNCIL ON 5 YEAR LEASES• 28 individual, purpose built apartments• Constructed 2007 - Full Certification• Intermix of 1 bed and 2 bed types within 6 blocks - full parking facilities• Current rental income £140,455 per annumPRICE: £1,800,000 Subject to contractTHE DEVELOPMENTSANDALWOOD COURTPRINCE STREET, MAINDEENEWPORTCITY OF NEWPORTNP19 8APConstructed in early 2007 Sandalwood Court overall provides 3 No. three storey, detached blocks together with 3 No. two storey blocks of purpose built, self contained apartments with the construction of each being a timber frame type underpitched roof structures covered in F.C. slate. External elevations in a quality facing brickwork with an intermix of rendered panels and all windows a UPVC double glazed installation.The development is accessed from Prince Street, that an adopted highway with the spine road within the development being private in nature.The overall site is well laid out and there are paviour finished parking spaces serving eachblock.The original construction was subject to standard 10 year NHBC certification.LOCATIONSandalwood Court', is located within the immediate eastern central Newport residential district of Maindee, accessed initially from Chepstow Road, then from Prince street.Newport City Centre is some 0.5 mile distant to the west and local shopping facilities arewithin easy walking distance.ACCOMMODATION PROFILEBlocks C, D and E are three storey in nature, with Blocks A, B and F two storey, 2 No. units within Block F are 2 bedroom type with the balance of the development being 1 bedroom, each having living room, double bedroom, separate kitchen, full bathroom and toilet.The units vary in size from 496 sq. ft., 465 sq. ft., 444 sq. ft..,421sq' ft', 413 sq' ft' to 368 sq ft. Each unit has the benefit of a dedicated parking space with additional visitor parking space.The Development stands on a site extending to 0.58 acres or thereabouts, with the Total Gross Internal Area of the combined Blocks being 11077.9 sq. m'/11,603 sq' ftSERVICESWe understand mains gas, electricity, water and drainage connected.Each of the apartments have the benefit of individual gas fired central heating systemsinstalled; windows throughout the blocks are a UPVC double glazed type.CURRENT TENANCIES22 of the overall units are currently let to Newport City Council under the Private SectorLEASING SCHEMEThe Agreement is for 5 years from the 26th January 2014 with the current Total RentalIncome from that overall element being £107,155.52 per annum - rental paid 3 months in advance. Balance of apartments are let subject to Private Assured Shorthold Tenancy Agreementssummarised as Apartments 9, 10,11, 12 and 14 - £460 per month, exclusive, and Apartments 13 £475 per month exclusive.Total Rental Income stream payable monthly in advance £33,300Total current Rental Income stream £140,455.52 per annumUnits let to Newport City Council are on an unfurnished basis, with the Council being responsible for internal repairs and decoration. The private lettings are on a fully furnished basis.TENUREFreehold Tenure Absolute.Viewing strictly by appointment with the Agents

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Call 01633 740306 between 9:00 — 20:00. CJ Hole Newport.

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