House of Multiple Occupation
*Investment Opportunity* A vacant five-bedroom, student property in Bangor Town Centre.
A substantial property originating from the Victorian Era with large bay windows and characterful features throughout. The property has previously been used as a five-bedroom HMO, producing an excellent income. The property now requires a scheme of refurbishment in order to restore it to its former glory. The property lies within the main student letting area of Bangor, within walking distance of the University and the town centre. All necessary amenities and services can be found nearby, including shopping facilities, transport links and a number of popular bars & eateries. Bangor Train station is just less than half a mile away and there are regular bus services and good road links in the area. The property itself comprises five double bedrooms with a communal kitchen and bathroom, a full breakdown can be found below.
3.72m (12ft 3) x 2.33m (7ft 8)
4.26m (14ft) x 4.22m (13ft 11)
2.71m (8ft 11) x 2.59m (8ft 6)
4.20m (13ft 10) x 3.66m (12ft 1)
3.63m (11ft 11) x 2.61m (8ft 7)
4.06m (13ft 4) x 1.88m (6ft 3)
2.91m (9ft 7) x 1.91m (6ft 4)
4.18m (13ft 9) x 2.96m (9ft 9)
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Vacant possession upon completion.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 Price
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.
