Flat for sale in 49 Holyhead Road, Bangor, Gwynedd LL57

For sale by online auction on Tuesday, 17 Dec 2024 ending at 13:16

for sale via online unconditional auction. Bidding opens Monday 16th December & closes Tuesday 17th December.

for sale via online unconditional auction. Bidding opens Monday 16th December & closes Tuesday 17th December..freehold block of flats

3 X 2 bedroom flats

HMO licence in place

Guide price £185,000 (Plus Fees)

** update as 12/11/2024 - There is now a tenancy in place for the top floor flat at £600pcm (Bills Excluded) until April 2025 we are advised.

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.

Location, Location, Location! Positioned at the upper end of Bangor, this property is ideally located, surrounded by vibrant local businesses like Jones Pizza and Reubens Coffee, right on your doorstep.

EPC ratings & floorspace

Gf Flat A - EPC Rating D (39m2)

mf Flat B - EPC Rating C (45m2)

tf Flat C - EPC Rating D (42m2)

room list - Please refer to the floorplan which is a visual indicative drawing to give you a guide. Please conduct own due diligence. One of the bedrooms as per plan is used as a living room/reception room.

Our client has received projected gdv estimates from a reputable local agent. 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. A fantastic opportunity.

Don’t miss out on this incredible investment opportunity!

Register for legal pack and bidding on our website.

Please note No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.Tenure: FreeholdEPC Rating: Please See Legal Pack

Featured Lot
False

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.