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6 bedroom block of apartments for sale
49 Holyhead Road, Bangor, Gwynedd LL57 2EU
£185,000
49 Holyhead Road, Bangor, Gwynedd LL57 2EU
£185,000
Our Summary
- FOR SALE VIA ONLINE UNCONDITIONAL AUCTION
- FREEHOLD BLOCK OF FLATS 3 X 2 BEDROOM SELF CONTAINED FLATS HMO LICENCE IN PLACE FOR 3 SELF CONTAINED UNITS GUIDE PRICE £185,000 (Plus Fees) This property will be sold via an online unconditional auction, unless an early sale is negotiated under auction terms
- Please note, the auction date may be adjusted based on the availability of the legal pack
- Comprising three self-contained flats, this is a fantastic blank canvas for anyone looking to invest and increase value through refurbishment
- With the right renovations and legal considerations, this property could potentially be valued at circa £330,000 on the open market, alongside an estimated rental income of approximately £37,000 per annum
- Don’t miss out on this incredible investment opportunity
- PLEASE NOTE No appliances have been tested by Auction House
Description
This freehold property is being sold via online unconditional auction, with bidding opening on November 25th and closing on November 26th. The property consists of three self-contained flats, each with two bedrooms, and is licensed for a House of Multiple Occupancy (HMO) for three units. The guide price is £185,000, plus fees. The property is located in Bangor, surrounded by local businesses, and has a total floor space of 126 square meters. The Energy Performance Certificates (EPCs) for each flat are D, C, and D, respectively. The property is being sold with vacant possession, providing a blank canvas for investors to increase its value through refurbishment. With projected GDV estimates of £330,000 and an estimated rental income of £37,000 per annum, this is a fantastic opportunity for investors.