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£705,000 Guide Price
Galaxy Real Estate offers this freehold mixed commercial investment located on Cowley Road, Uxbridge. It includes a thriving takeaway on the ground floor (A5 use) with a residential 3-bed flat above, generating a combined rental income of 44,100 per annum. Prime location with excellent amenities and transport links.
This property offers a fantastic investment opportunity, combining a ground-floor commercial unit with a spacious residential flat on the upper floors. Situated in a bustling area of Uxbridge, the property benefits from high foot traffic and strong local demand, making it ideal for both business and residential tenants.
The ground-floor commercial unit is currently occupied by a thriving takeaway and pizza shop (A5 planning use), with a floor area of approximately 800 sqft. The unit generates a rental income of 1,875 per calendar month (22,500 per annum), with 18 years remaining on the lease. Rent reviews are set to occur next year and every three years thereafter, ensuring long-term rental security and growth potential.
Above the commercial unit, the upper floors comprise a well-maintained 3-bedroom, 1-bathroom flat, which spans the first and second floors. The flat features a fully fitted kitchen and is in good condition. It is currently let on an Assured Shorthold Tenancy (AST) agreement, generating a rental income of 1,800 per calendar month (21,600 per annum). This residential unit offers both comfort and convenience, making it an attractive option for tenants.
The property is ideally located with easy access to a wide range of local amenities. Uxbridge town center is just a short distance away, offering a variety of shopping, dining, and leisure options. Excellent transport links, including Uxbridge Underground Station with Metropolitan and Piccadilly Line services, provide direct access to central London. Additionally, the area benefits from numerous parks, schools, and healthcare facilities, ensuring high demand from both commercial and residential tenants. This mixed-use property represents a sound investment with diverse income streams and long-term growth potential.
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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