Auction House / Wales - Cardiff
  • For Sale By Unconditional Online Auction
  • Guide Price* : £200,000
  • Auction Ended 09/08/2022
  • Lot 17

Flat 3, 3A, 2A & 2B Moor Top Holway Road, Holywell, Clwyd, CH8 7NA

FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 8TH AUGUST AND CLOSES ON TUESDAY 9TH AUGUST FROM 1PM. REGISTER TO BID!

Description

Auction House Wales are delighted to welcome to the market this block of flats on the outskirts of Holywell, North Wales.

This listing provides a fantastic opportunity to purchase X4 one bedroom flats with 3 currently occupied with tenants in situ providing an immediate return. Furthermore, each flat benefits from a parking space to the front of each entrance door and the two ground floor flats boast outdoor space with possible individual access points; including a side passageway which is tastefully utilised as a lean-to storage passage.

It must be noted, the extension to the rear (Subject to drawings etc) can be utilised to create extra bedrooms for multiple flats, really maximising the footprint of each which of course would potentially increase your return. Simply put, you really need to get yourselves through the door to fully appreciate the scale of the property on offer.

Currently income sits at £1,185 PCM with only three of the four flats tenanted. The fourth owner occupied apartment (Vacant possession) offering a potential to achieve £495PCM with potential rent increases achievable on 2 of the occupied flats.

All said, if the rent increases came into play and the vacant possession apartment let out, you could potentially achieve an income of £1900 PCM generating a potential yield of 8.5-9.5%.

Council Tax Band: B (Flintshire)

EPC Rating: See Legal Pack

Lot Type

Residential Investments

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Buyers Premium

£1,200.00 including VAT payable on the fall of the Virtual Gavel

Administration Charge

£1,200.00 including VAT payable on the fall of the Virtual Gavel

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* Guide | £200,000
  • 4 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 02920 475 184 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.