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£425,850 Guide Price
Nine Elms in Vauxhall (London) is in a designated regeneration area with approximately 40 major development sites aimed at building 20,000 new homes and creating 25,000 new jobs between now and 2030.
Investing in Damac Tower can offer several enticing benefits:
Prime Location :Situated along the River Thames, Nine Elms offers a prime location in Central London with easy access to the citys key attractions, employment hubs, and transportation links. Its proximity to popular areas like Westminster, Chelsea, and Pimlico adds to its appeal, making it an attractive choice for residents and businesses alike.
Diverse Clientelle:DamacTowersclose proximity to Vauxhall Station brings in diverse and substantial footfall to the retail unitsand withthe 360 apartments, theres a built-in customer base.
Growing Neighbourhood : The ongoing regeneration and developments in Nine Elms havecontributed to rising property values in the area.Therefore, nine elmsis experiencing a surge in demand for public and social amenities such as cafes, restaurants, bars, wellness centre, etc.
Investment Potential & Capital Appreciation : Retail units near transport links always offer steady rental income and potential for long-term growth in property value. For investors, this presents anopportunity for capital appreciation over the long term, as demand for residential and commercial properties continues to grow.
Overall, investing in Nine Elms (London),provides an opportunity to capitalize on the areas ongoing transformation, prime location, improved infrastructure, and growing demand for modern living and working spaces.
Schedule of Retail Accommodation - North Tower
Unit 1 - Ground Floor - 1,345 sq ft (125 sq m)
Mezzanine Floor - 970 sq ft (90 sq m)
Total - 2315 sq ft (215 sq m)
Unit 2 - Ground Floor - 1,215 sq ft (113 sq m)
Mezzanine Floor - 804 sq ft (75 sq m)
Total - 2019 sq ft (188 sq m)
' Potential for Mezzanine Floor
Schedule of Retail Accommodation - South Tower
Unit 3- Ground Floor - 501 sq ft (47 sq m)
Unit 4- Ground Floor - 576 sq ft (53 sq m)
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.
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