Lot 08 - 51 Drumalane Road, Newry, Co Down, BT35 8AR

  • Unconditional Online Auction Sale
  • Guide Price* : £170,000

Guide Price* : £170,000

House in Multiple Occupation (HMO)

  • Registered for 6 persons
  • Three storey terrace
  • Located close to Newry town centre

Location

Newry is a large town with a population of c. 27,000 (2011 Census) between Belfast (34 miles) and Dublin (67 miles) away. The property is located on Drumalane Road which is a 10-minute walk from the town centre, in a dense residential setting. Local amenities are available in the Quayside Shopping Centre. Its tenants include Sainsburys, Marks & Spencer and Puregym.

Description

The terrace property is of traditional construction with smooth external render, pitched and slate roof, UPVC double glazed windows and doors. The subject comprises a 6-bedroom house of multiple occupation, arranged across three floors with communal kitchen, 3x shower/bathrooms, utility, parking and rear yard. Heating is provided through a gas combi-boiler feeding into radiators throughout the property with kitchen appliances ran by electric. All prospective purchasers should satisfy themselves with the services available in the property.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - C75.

Viewing

Contact Osborne King’s Auction Team.

Planning

We understand the property is registered as an HMO, with a proposed maximum number of 6 persons. Any prospective purchasers should make their own independent enquiries regarding the planning status of the property.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).

Land and Property Services Rates Assessment

Capital Value: £165,000
Domestic Rate in the £ for 2022/2023: £0.00872

Accommodation

1 2 3 4 5
GROUND FLOOR
Bedroom 1 TBC TBC
Bedroom 2 117 sq ft (10.9 sq m)
Kitchen/Dining 199 sq ft (18.5 sq m)
Utility 108 sq ft (10 sq m)
FIRST FLOOR
Shower Room 47 sq ft (4.4 sq m)
Shower Room 41 sq ft (3.8 sq m)
Bathroom 45 sq ft (4.2 sq m)
Bedroom 3 110 sq ft (10.2 sq m)
Bedroom 4 133 sq ft (12.4 sq m)
Bedroom 5 103 sq ft (9.6 sq m)
SECOND FLOOR
Bedroom 6 96 sq ft (8.9 sq m)
Room 7 144 sq ft (10.6 sq m)
Room 8 124 sq ft (11.5 sq m)

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Security Deposit

£9,520

Buyer's Administration Fee

£1,200

Guide Price*

£170,000

Vendors Solicitor

Gary Adair, Wilson Nesbitt, 36 Alfred Street, Belfast, BT2 8EP
028 9032 3864

Document Links

Related Documents

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.