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Bangor, Gwynedd


Asking Price £55,000

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Overview

Flat for sale in Bangor, Gwynedd

An unusual opportunity for a developer or investor to convert the upper floors above a retail unit in Bangor High Street to create an apartment where demand for rental accommodation is consistently high, and which currently provides over 1,500 square foot of accommodation.

A great opportunity to create one spacious flat under a certificate of lawful use granted in December 2022 under application C22/0987/11/TC. Whilst a renovation is required we believe this creates a great investment opportunity as demand for rental accommodation in the Bangor has been consistently high in 2023.

The property is situated a few doors up from our Bangor office being approximately 50 yards up the...

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Important information

This is not a Shared Ownership Property

This is a Leasehold Property

  • The annual cost for the ground rent on this property is £
  • The review period for the ground rent on this property is every year
  • Ground rent on this property could increase by up to % at the end of every review period
  • The annual service charges for this property is £

Key Info

  • Residential Re-Development Opportunity to Provide Spacious Apartment
  • Prominent High Street Position over 3 Storeys
  • Currently Providing Appro 1,500 Square Feet
  • Would Convert to Excellent Rental Property as Current Strong Demand
  • Total Renovation Required
  • EPC: G / Council Tax: N/A

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Amount Borrowed: £200,000
Term: 25 years
Interest rate: 3.5%
Total Monthly Payment:
£1,001.25
Total amount repayable:
£300,374
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Mae Williams & Goodwin The Property People yn aelodau o’r Gymdeithas Gweithwyr Eiddo Proffesiynol, Cymdeithas Genedlaethol y Gwerthwyr Tai, y Gymdeithas Asiantwyr Gosod Preswyl a Chymdeithas Genedlaethol y Priswyr a’r Arwerthwyr. Rydym hefyd yn Syrfewyr Prisio Siartredig ac yn aelod o Rwydwaith Cenedlaethol o tua 800 o Asiantau Tai annibynnol.

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