C&R HULME offer an excellent opportunity to acquire 1895 sq ft (176 Sq mtr) commercial unit with dry storage basement and a 2 bedroom apartment over the 1st & 2nd floors, situated within a busy parade in a residential area in a prime location of Openshaw, Manchester. Selling due to retirement.

Excellent investment opportunity

Property additional info

Agents Notes:
NOTICE: C & R Properties for themselves and for the vendors or lessors of this property whos agents they are give notice that: (i) the particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute, nor part of an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or other wise as to the correctness of each of them; (iii) no person in the employment of C & R Properties has any authority to make or give any representation or warranty whatever in relation to this property. (iv) Please note that any services, heating systems or appliances have not been tested and no warranty can be given or implied as to their working order.

Nearest Stations:

0.41 miles

Gorton

0.52 miles

Fairfield

1.16 miles

Belle Vue

1.27 miles

Ryder Brow

1.49 miles

Ashburys

Hospital Bus Stop Restaurants Stations School

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

First Payment Year

Mortgage Amount (£)

Interest Charged (%):

Term of Mortgage (years):

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

Is first time buyer

Purchase Price

I want to invest

Years of Investment

Est. Rental Income

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 208950

Mortgage Loan to Value

Gross Yield

Annual ROI

Annual Rental Profit

Cumulative Rental Profit

Cost of Purchase

Stamp Duty
£

Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£ 6250
Survey Costs
£ 400
Mortgage Fees
£ 1,000

Your home may be repossessed if you do not keep up repayments on your mortgage.
Legal Fees
£ 1,300

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Refurbishment Budget

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.

Survey Costs

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.

Mortgage Fees

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.

Legal Fees

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.

Annual Costs

£ 21450

Mortgage Interest
£

The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
Letting and Management Costs (Inc VAT)
£
Letting Fee
£
Maintenance
£
Insurance
£ 500
Ground Rent
£ 0
Service Charge
£ 0

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Mortgage Interest Rate

Management Fee % (Ex. VAT)

Letting Fee

Maintenance rate

This is the percentage of the rent that you will spend maintaining the property.

Ground Rent

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

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

Buildings Insurance

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.

Total Profit

Final Equity Profit
£

Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit
£

Cumulative Rental Profit = Annual rental profit x Time of Investment

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Estimated Capital Growth Rate

This is the assumed rate of house price inflation.

Final Property Value

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Other similar properties in this area

Ashton Old Road, Manchester. M11 1HL

Hulme

Commercial retail unit with 2 bedroom apartment for sale

Nearest Stations:

Gorton

Fairfield

Belle Vue

Ryder Brow

Ashburys

Mortgage Calculator

Return on Investment

Mortgage Required

Mortgage Loan to Value

Gross Yield

Annual ROI

Annual Rental Profit

Cumulative Rental Profit

Cost of Purchase

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Annual Costs

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Total Profit

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Final Property Value

Notes

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