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£78,827
Business Profile
Kidderminster is an attractive town situated some 14 miles north of Worcester and 16 miles west of Birmingham. The town is situated on the A449 which provides access to Worcester to the south whilst the A456 links to the M5 Motorway (J3) to the east. Kidderminster Rail Station provides frequent services to Birmingham and Worcester.
The property is situated in the town centre of Kidderminster on the north side of pedestrianised Vicar Street, the east side of Blackwell and Worcester Street.
Occupiers close by include: LloydsBank, Halifax, Pandora, Next, JD Sports, M&S, Costa and Subway amongst many others.
Size
11,261 Sq Ft
Tenure
New Lease
Rent
78,827
Business Rate
Interested parties are advised to make their own enquiries to the Local Authority.
Hours
Contact us for more information.
For any enquiries contact the commercial team on:
KaranjeeGaba-07765268552
CommercialExecutive
JaiChopra -07900093399
Commercial Sales Negotiator
0208 004 1111
Galaxy Real Estate
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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