Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
388 Neasden Lane North, London, NW10 0BT
£649,950
LOCATION
Located in Park Royal at end of Cumberland Avenue leading to new interchange at Hanger Lane Gyratory. Access to A40 and to A40M are nearby as well as North Circular Road (A406) Near by Central Middlesex Hospital. Transport via Park Royal underground and many bus routs.
DESCRIPTION
Located in Park Royal at end of Cumberland Avenue leading to new interchange at Hanger Lane Gyratory. Access to A40 and to A40M are nearby as well as North Circular Road (A406) A modern two storey mid terraced business unit arranged over two floors ground and mezzanine, offering approximately 2,000 sq.ft. of accommodation over both floors, amenities include plus parking 2-3 cars. Ground Floor Approximately 9.63 Sq.m X 9,01 sq. m. First Floor office area Approximately 6.302 sq.m X 6.245 sq. m. First Floor Storage area Approximately 2.67 sq.m X 3.34 sq. m
ACCOMMODATION
A modern two storey mid terraced business unit arranged over two floors ground and mezzanine, offering approximately 2,000 sq.ft. of accommodation over both floors, amenities include plus parking 2-3 cars. Ground Floor Approximately 9.63 Sq.m X 9,01 sq. m. First Floor office area Approximately 6.302 sq.m X 6.245 sq. m, First Floor Storage area Approximately 2.67 sq.m X 3.34 sq. m. Shutters, Downstairs WC. 2-3 Parking spaces.
AMENITIES
Shutters, modern lightnings. Gas and Electricity supply. Facility of two WC
TERMS
Freehold
OUTGOINGS
Business Rates 142.00 per month and Management fees of 1,200 per annum
LEGAL COSTS
Each party to pay their own legal fees for this transaction
SERVICE CHARGE
Ashfield commercial charges a fee of 500.00 for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
PARKING NOTES
Allocated parking for 2-3 cars
OTHER
EPC available upon request
VIEWING
Viewing Strictly by appointment with the Commercial agents:-
Benny Massey
Ashfield Estates
Direct Tel: 0208450 0333
Email: [email protected]
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.
388 Neasden Lane North, London, NW10 0BT
The Property has been saved to your favorites
/ 5
It's quick and easy
