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Full details for 19 Bedroom Detached For Sale in Deeside

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Description

*19 Room HMO* - *Rent over £100K/ Year when fully let*

This is an ex public house converted to an HMO which presently consists of 19 letting rooms with 2 on site caravans, the majority of rooms which have ensuite shower rooms/WC and kitchen facilities.

* 2 x 1 bed self-contained flats
* 17 rooms (almost all have their own bathrooms)
* 2 caravans (seasonal rentals - see separate licencing note from council)
* 3 shared bathrooms
* 4 shared kitchens
* All rooms have their own electricity payment meters
* 2 utility rooms (Launderette with payment slots)
* CCTV and Fire Alarm installed (see legal pack)

All planning approvals and HMO licences are in place.

The gross rental figures for this property amount to over £100,000 per annum (when fully occupied) (15% yield)

All rooms are currently let

Location:
The property is located in a predominantly commercial area of Connah‘s Quay surrounded by properties predominantly in light industrial use providing great demand for HMO room rentals to workers in the area.

The usual range of amenities is available within comfortable distance. The River Dee is a short distance from the property. Deeside Industrial Estate is located close by.

Age and Description:
The property consists of a substantial two storey former public house now detached residential building built pre-1800. The former owners have carried out considerable works of alteration and refurbishment to the building which was formerly a public house.

Construction:
The main building is built of rendered brick beneath a pitched roof with a slate covering. The two-storey outrigger to the rear is built of sandstone beneath a pitched roof with a slate covering. There is also a flat section of roof to this part.

Condition:
The overall condition of the building is consistent with its age and construction, but some items of repair and maintenance are required

Terms and Fees:
Purchasers will be required to exchange contracts immediately on agreeing a sale. A 10% Holding Deposit and a Buyers Fee of 3% + VAT will be payable on reservation of this property with completion in 28 days. A Full legal pack is available.

This property is only available for purchasers who are not in a chain.

**This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction.

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The buyer will be required to sign a purchaser‘s agreement to confirm acceptance of terms prior to solicitors being instructed. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change.

Terms and conditions apply to the Modern Method of Auction and can can be viewed in full on National Residential‘s website.

Buyers - How it works

The Online National Residential Agency modern auctions enable buyers to make and monitor offers online 24 hours a day from any internet connected device. We ensure that buyers get a fantastic service and have the best possible opportunity to buy the property they want at a discounted price, quickly.

We market all properties at attractive ‘Offers Over‘ prices to encourage a viewings and to achieve quick sale within 28 days. We send regular weekly sms messages to remind buyers of the current highest offers and the Best and Final date therefore ensuring buyers have every opportunity to make and increase their bid at any time and not to miss out on a great property.

Please note: The end date is not fixed and if an acceptable offer is made beforehand then it may be accepted and the property withdrawn from sale so it is advised to make your offer as soon as possible.

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.

These particulars do not constitute part or all of an offer or contract. Any measurements indicated are supplied for guidance only and as such must be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense.

National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer‘s interests to check the working condition of any appliances.

*By making an inquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.

**Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply.
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