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98 Coldharbour Lane, London, SE5 9PU
£25,000
Rent: 20,500 per annum (quarterly)
Premium: 60,000 for goodwill & equipment / 25,000 as shell
Floor Area: Approx. 48 m (523 sq ft)
Use Class: E (formerly A5 Hot Food Takeaway)
Lease: 45-year term from 2019 ( 39 years remaining)
A highly visible takeaway / restaurant unit directly opposite Kings College Hospital on busy Coldharbour Lane, Camberwell. The location benefits from constant footfall from hospital staff, patients, and local residents, providing an excellent trading opportunity.
The premises are currently fitted as a chicken shop with full extraction, counter, fryers and refrigeration.
Available fully equipped with goodwill for 60,000 or vacant in shell condition for 25,000, offering flexibility for new operators or concepts.
Prominent retail parade immediately opposite Kings College Hospital, close to Denmark Hill Station (Overground & National Rail) and within easy reach of Brixton and Camberwell Green. Nearby occupiers include cafs, convenience stores and established food operators.
Lease TermsRent 22,500 per annum, payable quarterly
Premium 60,000 (fitted) / 25,000 (shell)
Assignment of existing 45-year lease from 2019
Next rent review September 2028
Tenant to pay usual service charge and insurance
Business Rates TBC interested parties to verify
Directly opposite Kings College Hospital
Approx. 48 m / 523 sq ft
Extraction system and equipment in place
Option to take as shell unit
Long lease term ( 39 years unexpired)
Excellent passing trade and visibility
Suitable for various E class uses (caf, dessert bar, takeaway etc.)
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
98 Coldharbour Lane, London, SE5 9PU
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