Lot 110 - 51 Drumalane Road, Newry, Co Down, BT35 8AR

  • Unconditional Online Auction Sale
  • Guide Price* : £270,000
  • Imposing 3 Storey Terrace Period property built Circa 1897, 6 Bed registered HMO
  • 2 Receptions, Large Kitchen/Dining room, Utility Room, 3 Bathrooms
  • Completely Refurbished In 2016, Double Glazed throughout with French Doors leading to the South Facing Rear Courtyard, New Gas Heating system fitted in 2017.
  • HMO Licence valid until Sept 2026, all Certificates in place and up to date.
  • Tenants on Individual Assured Shorthold Tenancies. Rental income is £375.00 per room or a total of £2250.00 every 4 weeks. Total yearly rental Income is £29250.00 at £2437.50 per calendar month.
  • Included in the sale price is all furniture, white goods, carpets/curtains and blinds
  • Five minute walk to the Quays, Buttercrane Shopping Centre and Sainsburys. Ten minute walk to the Centre of Newry City with all the shops, cafes and other amenities which are on offer.
  • Front & Rear Parking, EPC Rating: Pending

Description

Imposing 3 Storey Terrace Period property built Circa 1897, 6 Bed registered HMO, 3 Bathrooms, 2 Receptions, Large Kitchen/Dining room, Utility Room, Front & Rear parking, Completely Refurbished In 2016, Double Glazed throughout with French Doors leading to the South Facing Rear Courtyard, New Gas Heating system fitted in 2017 & serviced yearly, High Ceilings with original Plaster Cornicing, feature Fireplace in main reception room, Triple Bay Windows to Ground and First floor rooms, HMO Licence valid until Sept 2026, all Certificates in place and up to date. Quiet street/area, ample free on street parking. Included in the sale price is all furniture, white goods, carpets/curtains and blinds. From the property it is a five minute walk to the Quays, Buttercrane Shopping Centres and Sainsburys. An additional 10 minute walk reaches the Centre of Newry City with all the shops, cafes and other amenities which are on offer. A three minute drive takes you to the main Dublin/Belfast motorway with Dublin 60 minutes and Belfast 50 minutes away. Fully let to 6 long term working tenants on Individual Assured Shorthold Tenancies. Rental income is £375.00 per room or a total of £2250.00 every 4 weeks. Total yearly rental Income is £29250.00 at £2437.50 per calendar month. The rent is inclusive of Electricity, WIFI (which is provided by SKY Superfast BB) cost £40.00 per month, Rates which are £1437.00 per year, Cleaner £60.00 per month. The Tenants pay for the gas usage between them via a top up card system.

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* No information, statement, description, quantity or measurement contained in any sales particulars, or given orally, or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out, issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor in respect of the property shall constitute a representation, or a condition or a warranty on behalf of BRG Gibson Auctions Ltd, or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally, or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BRG Gibson Auctions Ltd, or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor.

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