Flat for sale in High Street, Bethesda, Bangor, Gwynedd LL57

An opportunity to accuire this investment property which generates an income of approximately £23,000 pa, comprises of five flats split over 4 floors, four one bedroom flats, one two bedroom flat.
The property is situated in the centre of the village in Bethesda, and yet convenient for many of the amenities of the village of including shops, doctor’s surgery, local restaurants and bars, and with easy access to the A55 and links to Chester and beyond.
The property comprises of Basement Flat, which comprises of entrance hall, lounge, kitchen.bedroom and bathroom.
Ground Floor Flat, which comprises of entrance hall, open plan lounge, kitchen and dining area, two bedrooms and bathroom.
First floor is split into two flats both with open plan lounge, kitchen and dining area, one bedroom and shower rooms.
Second Floor Flat comprises of entrance hall, lounge, kitchen, bedroom and shower room.
The properties also have the benefit of electric heating and rear yard.

Auction terms

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.20% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.