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3, Devonshire Square, Bexhill-on-Sea, East Sussex, TN40 1AB
£120,000
Burgess & Co bring to the market a commercial premises which is currently occupied by a successful company who will remain in situ as long term tenants for the incoming buyer. ( 5 years currently ) Its an ideal investment with a return of 850 PCM and we would welcome all enquires to call us on 01424 222255.
Ideally located in the popular village of Little Common with its array of independent shops, doctors surgery, and bus services. Within 1 mile is Cooden Beach with Golf Course, Hotel and beach front. Bexhill Town Centre is within 3 miles providing further shopping facilities, mainline railway, restaurants and seafront.
Please note, there is a fully running business in place already so all viewings are strictly by appointment only and further information is available on request.
Commercial Unit - With light & power connected, double glazed windows & door to the front.
W.C - 2.31m x 1.50m (7'7 x 4'11) - Comprising low level w.c, wash hand basin.
New Home: Non New Home
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.
3, Devonshire Square, Bexhill-on-Sea, East Sussex, TN40 1AB
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