High Street, Bangor
- PROPERTY TYPE
Apartment
- BEDROOMS
18
- BATHROOMS
18
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- £187,105.44 Projected GROSS Rent For 25/26 Academic Year
- 11.69% GROSS Yield For 25/26
- 8x Self-contained Studios, 10x En-suite Cluster Bedrooms & 3x Commercial Premises
- Consistent Occupancy Levels Since Redevelopment in 2017
- All Furniture & Fittings Within the Residential Section Included in the Sale
- Central High Street Location
- Commercial Loading Bay to the Rear of 263 High Street
- Freehold Property
Description
Originally redeveloped in 2017, this mixed-use premises encompasses 8 self-contained studios, 10 en-suite cluster bedrooms, and 3 commercial retail spaces on the ground floor. The diverse layout not only maximises rental potential but also enhances the property's overall appeal.
A key advantage for buyers is the property's non-residential Land Transaction Tax classification, due to its mixed use, resulting in favorable tax conditions. The non-residential freehold is valued at £73,750 on a total valuation of £1,600,000, calculated with a tiered structure: 0% up to £225,000, 1% from £225,000 to £250,000, 5% from £250,000 to £1,000,000, and 6% for amounts above £1,000,000.
Interiors meet modern standards with contract-grade furnishings by Loft, offering high-quality living for tenants. Features include bespoke fitted furniture with Green Grey Evola wood grain, durable Clerkenwell Gloss kitchen slabs, and elegant Luxury Vinyl Tiles throughout, providing resilience and comfort.
Additional amenities include an independent bin store and onsite laundry room, enhancing convenience for residents. Each room is equipped with electric heating and individual controls.
This property presents a compelling investment with modern solutions tailored to contemporary living. Don’t miss the chance to add this outstanding asset to your portfolio!
Studio 101 - 4.58m x 4.58m (15'0" x 15'0") -
Studio 103 - 4.69m x 4.69m (15'4" x 15'4") -
Studio 104 - 4.69m x 4.69m (15'4" x 15'4") -
Studio 201 - 4.58m x 4.58m (15'0" x 15'0") -
Studio 203 - 4.69m x 4.69m (15'4" x 15'4") -
Studio 301 - 5.56m x 5.56m (18'2" x 18'2") -
Studio 302 - 5.83m x 5.83m (19'1" x 19'1") -
Studio 303 - 5.91m x 5.91m (19'4" x 19'4") -
Apartment 102 Cluster En-Suite - 3.74m x 3.74m (12'3" x 12'3") -
Apartment 202 Cluster En-Suite - 3.74m x 3.74m (12'3" x 12'3") -
Brochures
High Street, Bangor- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
High Street, Bangor
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Visit our security centre to find out moreDisclaimer - Property reference 33659626. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Varcity Living Limited, Bangor. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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