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63, Wigan, WN2 3AE
£195,000 OIRO
Bedrooms
Bathrooms
Reception
GOODWILL - PROPERTY - EQUIPMENT - PARKING TO THE FRONT - FREEHOLD - GREAT LOCATION - BUSINESS ESTABLISHED 1998
Main Serving Room (13'9" x 14'6") - Large double glazed display window and door unit, tiled floor and walls.
Main Kitchen (14' x 25') - Tiled floors and walls.
Office (7'7" x 5'8") - Window, tiled floor and walls.
Food Prep Room/Potato Peeling Room (13'6" x 8'9") - Tiled floor and walls, water tap.
Dry Store (9'9" x 9'10") - Tiled flooring.
WC - WC, pedestal hand wash basin, tiled floor and walls.
Shower Room - Shower cubicle, pedestal hand wash basin, tiled floor and walls.
The living Accomodation comprises of:-
Hallway - Laminate flooring.
Living Room (9'11" x 11'7") - UPVC front door, laminate flooring.
Bedroom One (6'7" x 8'2") - Double glazed window, laminate flooring.
Bedroom Two (6'7" x 8') - Double glazed window, laminate flooring.
Contents included in the sale are as follows:-
Counter - 2 pans chips frying range (gas), 2 x computer ordering systems, stainless steel electric bain marie, stainless steel work benches with undershelves.
Wet Room (Potato Room) - Potato chipper, potato peeler 25kg, 2 x chip bin barrels, 10 litre stainless steel bucket, shelving unbits with 5 shelves, stainless steel wall shelving,
Kitchen - Chinese 4 wok cooker (gas), 2 electric fryers, six burner gas range with oven, microwaves, 3 x chest freezer (2 large, 1 small), 2 x stainless steel upright refrigerators (1 x 1200 litres twin door, 1 x 600 litres), 4 x stainless steel work benches all with undershelves, 3 x in prep station shelving, 2 x chopping board tables with undershelves, insert killer, double sink with drainer, 4 channel CCTV systems, 2 x rice cookers, 3 x stainless steel wall shelving.
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.
63, Wigan, WN2 3AE
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