House of Multiple Occupation
A registered seven bedroomed HMO benefiting from UPVC double glazing to the rear elevation and mains gas central heating. The property is located minutes from Bangor city centre with its range of amenities, University and transport links.
The A55 expressway is just a short drive away allowing easy access to the beautiful Isle of Anglesey, the stunning Snowdonia National Park and the eastbound North Wales coastal resorts and attractions.
The property is currently let producing a rental income of £635 per week, totalling £33,020 per annum. The auctioneers have not yet had sight of the tenancy agreements and further information will be provided within the legal pack.
Entrance Hall
Access to Spacious Basement Area
Lounge
Kitchen
Two Bedrooms
WC
Two Showers
Three Bedrooms
Bathroom
WC
Two Bedrooms
To the front is a raised forecourt garden and steps up to the main entrance. To the rear is a yard and store with steps which lead to a private mature garden.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
