Commercial property for sale pinner ha5

£80,000

1

Bathrooms

Located in the bustling area of Pinner, this commercial property offers a practical and well-equipped space for business operations. The property features a kitchen area designed for efficiency, complete with necessary appliances and ample storage. A single bathroom is available for staff use. The property is furnished, providing essential equipment and fittings suitable for a takeaway or small restaurant setup.

One of the key features of this property is the off-road parking, which is a significant advantage in this busy location, offering convenience for both customers and staff. The layout is straightforward, with a counter area for customer service and a spacious kitchen at the back, equipped with cooking and preparation facilities. The kitchen is fitted with ventilation systems and stainless steel worktops, ensuring compliance with health and safety standards.

Situated in Pinner, Middlesex, the property benefits from being in a well-connected area with access to local amenities and public transport. The location is ideal for businesses looking to attract foot traffic and serve the local community. The surrounding area offers a mix of residential and commercial properties, enhancing the potential customer base.

This commercial property is an excellent opportunity for entrepreneurs looking to establish or expand their business in a vibrant part of Pinner. The Energy Performance Certificate (EPC) details are available upon request, ensuring transparency and compliance with energy efficiency standards.


  • Business Asking Price: 80,000.
  • Rent: 27,000 + VAT per annum (TBC rent review underway)
  • Business Rates:Buyers to check with local council.
  • Turnover: 5000 per week (as advised by the vendor)
  • Lease: 6 years remaining. It is a renewable lease as advised by the vendor.
  • Opening Hours: 11 AM - 11AM, Monday to Sunday. As advised by the vendor.


Important Notice

1. No description or information given about the property or its value, whether written or verbal or whether or not in these particulars (Information) may be relied upon as a statement of representation or fact. Neither Glenmore nor its Joint Agents have any authority to make any representation and accordingly any Information given is entirely without responsibility on the part of Glenmore or the seller/lessor.

2. Any photographs (and artists impressions) show only certain parts of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

3 Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending buyer/lessee.

4. Any buyer/lessee must satisfy himself by inspection or otherwise as to the correctness of any Information given.

Nearest Stations:

0.35 miles
Pinner
1.09 miles
Hatch End
1.1 miles
Northwood Hills
1.22 miles
Headstone Lane
1.27 miles
North Harrow

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

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

Mortgage Required

£ 64700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 2000
  • 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

Adjust these figures

£

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.

Annual Costs

£ 4700
  • 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

Adjust these figures

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  %
£
  %

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.

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

Adjust these figures

  %

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.

Notes

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