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5 bedroom house of multiple occupation for sale
3 Eldon Terrace, Bangor LL57 2RA
£125,000
3 Eldon Terrace, Bangor LL57 2RA
£125,000
Our Summary
- For sale on 27 June 2024 The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy
- Registration for bidding will close at 5pm the day before the auction
- The auction will commence at 09:00
- Investment Opportunity
- The property now requires a scheme of refurbishment in order to restore it to its former glory
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of £1,500 inc
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
This is a vacant five-bedroom Victorian era student property in Bangor Town Centre, currently requiring refurbishment to restore its character. It was previously operated as a House of Multiple Occupation (HMO), generating a steady income. Situated within a prime student letting area, it is close to the University, local amenities, transport links, and social venues, with Bangor Train Station just under half a mile away. The property comprises five double bedrooms, a communal kitchen, and a bathroom, and is being sold as a freehold with a fixed fee at the upcoming National Property Auction on 27 June 2024, open to remote bidding. Prospective buyers are advised to conduct viewings and independent enquiries due to the property not being inspected by the auctioneers. The sale is subject to a 10% deposit and a non-refundable auctioneer's fee of £1,500, with the buyer's fee factored into the Stamp Duty Land Tax calculation. The property has an F EPC rating, and potential buyers should review the Legal Pack for full auction details and terms.