Bangor, Gwynedd, LL57 2EU - Online Auctions

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.