Lot

Auction: September 2021 Online Auction 22/09/2021

The Old Quay House Off Dock Road, Deeside, Flintshire CH5 4DR

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Property Details

Location

Description

A high yielding investment opportunity comprising a detached building currently utilised as a large HMO property and producing an annual rental income of approximately £80,000. The accommodation consists of 2 flats and 17 rooms, the majority of which are currently let and a further 2 caravans on the site which are also let. There is further potential to increase the current rental income once the vacant rooms have been let.

Location

The property is situated just off Dock Road which is accessed off Connah's Quay High Street (B5129). The immediate surrounding area is largely industrial with a number of local businesses within walking distance as are a number of amenities available on Connah's Quay High Street. Deeside College and Shotton Train Station are both 1 mile away whilst the nearby City of Chester is located 8 miles to the east.

Accommodation

Pugh & Co have not inspected the property internally.

Approx Site Area

Approximately 865 Sq M (1035 Sq Yds)

Tenure

Unknown

Tenancy

The below tenancy information has been provided by the vendor;

flat 1 = £500pcm

flat 2 = 500pcm

room 1 = 100 p/w

room 2 = 100 p/w

room 3 = 100 p/w

room 4 = £320 pcm

room 5 = £80 p/w

room 6 = 100p/w

room 7 = £450pcm

room 8 = £400pcm

room 9 = £300pcm (assists in collection of rent)

room 10 = caretaker room

room 11 = empty

room 12 = empty

room 13 = £400pcm

room 16 empty

room 17 = £80/week

room 18 = £100p/w

attic room = £50p/w

caravan 1 = £450pcm

caravan 2 = £450pcm

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST SEPTEMBER AND CLOSES ON WEDNESDAY 22ND SEPTEMBER.

3. A HMO licence was granted on the property in February 2019 allowing a maximum of 39 people to occupy the property. We understand that a new buyer will need to apply to have the licence assigned in their own name.

4. The tenancy information has been supplied by the vendor and Pugh & Co have not been provided with copies of tenancy agreements.

Addendum

The tenancy information has been supplied by the vendor and Pugh & Co have not been provided with copies of tenancy agreements.