7 bedroom House 54 College Road , Bangor

Summary

A special investment opportunity to purchase the closest seven bedroom HMO to the main university entrance at Main Arts, in upper Bangor. With a university soon to celebrate its 140 year anniversary in 2024, we see this property as having great long term income prospects, given the long term establishment of the university. Only two other Welsh universities were established earlier than Bangor. Current Occupational Contract in place for the 23/24 academic year, worth £29,295 total GROSS rent*. 24/25 Contract secured worth a total gross rent of £39,480. Comprising of seven large double bedrooms, each fully furnished with a bed, study desk, chair, wardrobe and chest of drawers. Two shower rooms each include a shower, WC and sink basin. To the front of the property, a large communal living area offers great lighting through the bay window, overlooking College Road. Off-street private parking to the rear of the property, along with garden, rear yard and outhouse. *23/24 Rental income lower than advertised due to extenuating circumstances (originally marketed for £39,480).