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
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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- 4 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01633 212555 for more information
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