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£4,750,000
Stella House presents a rare opportunity to acquire a modern portal frame warehouse premises within close proximity to Birmingham City Centre. Key features include: -Total site area of 4.92 acres approx. -Secure self-contained site with secure perimeter fencing -6M approx. to eaves, 8.5M approx. to apex -Secure yard / covered loading bay -High quality office accommodation within
Warehouse - 68,666 Sq Ft Loading Bays - 8,000 Sq Ft Ground Floor Offices - 2,684 Sq Ft First Floor Offices - 2,804 Sq Ft Total - 79,470 Sq Ft
Talbot Way, developed circa 1980s, provides a range of standalone, high quality, distribution/manufacturing facilities. The main access is via Small Heath Highway/Coventry Road (A45). Junction 6 of the M42 Motorway, NEC and Birmingham International Airport & Railway are located approximately 4 miles south east (direct dual carriageway access via Coventry Road). Birmingham City Centre is situated approximately 4 miles north east. Birmingham (United Kingdoms second city - population circa 2.6M) has benefited from considerable expansion/regeneration/ development over the last 10/15 years. (ongoing). The region benefits from excellent communicational links, served by the M6, M5, M40, M42 & M54 Motorways.
Freehold
Please contact the agent for further details regarding the business rates.
Please contact the agent for further details regarding the Long Leasehold which is to be transferred.
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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