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5 Bridge Street, Wisbech
£185,000
Bedrooms
Three incomes in one!!
C Carters are pleased to offer this commercial/ residential mix property offering two commercial properties along with a one bedroom flat above. Both commercial properties are in the process of having new 5 year leases. The property as a whole offer a combined income of 1350 per calendar month. The flat also benefits from having been recently renovated and offers good size rooms.
Located in the town center it is an ideal location from both aspects, contact us now on 01945 588111 to arrange you viewing.
This retail unit is in a prime location of Wisbech with a 1 bedroom flat above. Town centre location of Wisbech offers a good selection of amenities through out the town and offers a very active rental market.
For navigational purposes please use PE13 1AT
Cab Office
Waiting Area
10 2 x 12 1 (3.12m x 3.69m) Door and window to front. Tiled flooring. Door leading through to -
Office
8 2 x 11 2 (2.49m x 3.43m) Tiled flooring. Rear exit. Door leading to -
Kitchenette
3 8 x 4 0 (1.14m x 1.25m) Base unit with sink and drainer. Tiled flooring. Door leading to -
Cloakroom
4 1 x 3 2 (1.26m x 0.98m) Low level w.c. Tiled flooring.
Recruitment Office
Main Office
8 6 x 5 1 (2.6m x 1.58m) Door and windows to front. Door leading to -
Back Office
7 2 x 5 1 (2.2m x 1.58m) Door leading to -
Cloakroom
4 7 x 2 5 (1.41m x 0.77m) Low level w.c. Wash hand basin.
One Bedroom Flat
Door for flat is located at the back of the property.
Entrance
UPVC door. Stairs leading up to -
Kitchen
7 11 x 10 3 (2.44m x 3.14m) A range of wall and base mounted units with work top over. UPVC window to rear. Built in electric hob and oven with extractor hood over. Bowl and a half sink and drainer. Door leading through to -
Lounge
11 4 x 11 7 (3.47m x 3.55m) UPVC window to front. Television point. Spot lights. Electric heater. Door leading to -
Bedroom One
11 6 x 11 9 (3.53m x 3.6m) UPVC window to front. Electric heater. Door leading to -
Utility Area
4 5 x 7 10 (1.38m x 2.4m) Work top area. Space and plumbing for washing machine. Space for fridge freezer. Door leading to -
Shower Room
5 3 x 7 8 (1.62m x 2.35m) Shower cubicle housing electric shower. UPVC window to rear. Low level w.c. Pedestal wash hand basin. Extractor. Spot lights.
Map location is not available for this property.
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.
5 Bridge Street, Wisbech
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