6 bedroom House of Multiple Occupation in Bangor
4 The Crescent, Bangor LL57 2AA
- Lot No: 93
- Property Type: House of Multiple Occupation
- Contract Type: Unconditional with Variable Fee
Guide Price* £160,000+ plus fees
DRAFT DETAILS. Set within a few hundred yards of the University and previously generating in excess of £30,000 per annum as serviced accommodation this is definitely a property worth looking at. Previously delivering a gross yield of close to 18% against the guide price. There is no evidence of previous income and gross yield and buyers are to rely on their own investigations. The property has been recently refurbished and has six bedrooms, two shower rooms and a communal kitchen/living/dining room. So if you are serious about adding to an existing portfolio or expanding to a higher income investment then registering to bid is highly recommended. The property being sold is subject to the lease of the cellar.
Entrance Hall Kitchen/Living/Dining Room: 24ft x 9ft 9 (7.32m x 2.97m) Bedroom 1: 11ft 3 x 7ft 10 (3.43m x 2.39m) Bedroom 2: 11ft 3 x 10ft 2 (3.43m x 3.1m) Bedroom 3: 11ft 3 x 9ft 6 (3.43m x 2.9m) Bedroom 4: 9ft 10 x 6ft 1 (3m x 1.85m) Bedroom 5: 13ft 7 x 10ft 3 (4.14m x 3.12m) Bedroom 6: 10ft 2 x 7ft 1 (3.1m x 2.16m) Shower Room 1: 6ft 8 x 3ft 5 (2.03m x 1.04m) Shower Room 2: 6ft 8 x 4ft 8 (2.03m x 1.42m)
The property is located in the mainly student let Upper Bangor area of the university city of Bangor in North West Wales. The main university building and the city centre are both within easy walking distance and the cosmopolitan area of Upper Bangor caters well for student needs boasting a variety of shops, cafés, fast food outlets and public houses plus a 'Morrisons' supermarket.
- Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
Date 27th January 2022
Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197