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8 bedroom house for sale
Vron Square, Bangor
£230,000
Vron Square, Bangor
£230,000
Our Summary
- A prime investment opportunity to acquire two adjoining residential properties currently rented
- Both 27 and 29 Fron Square previously held HMO status, offering potential for reversion to this use in the future
- This is an exceptional opportunity for investors and developers looking for a profitable, strategically located property portfolio
Description
This is a prime investment opportunity to acquire two adjoining residential properties at 27 and 29 Fron Square, Bangor, which were previously licensed as Houses of Multiple Occupation (HMOs). The properties currently generate a combined monthly rental income of £1,350 and offer potential for reversion to HMO use in the future. Additionally, there is the option to purchase adjacent properties, including 31 Fron Square and 17 The Crescent, which are student-occupied and generate a gross income of £46,620 for the 2024/25 academic year. With Bangor University attracting approximately 10,000 students annually, demand for shared student accommodation remains strong. The properties are strategically located, benefiting from excellent transport links, including road, rail, and a ferry port, making it an exceptional opportunity for investors and developers looking for a profitable and strategically located property portfolio.