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£165,000 OIRO
This well established business in a superb location is such a great business opportunity. The shop on the ground floor is a very successful sandwich shop with plenty of existing regular customers as well as passing trade. The property comes with a two bedroom flat with a tenant in situ generating extra income. Call to arrange a viewing as soon as possible before it sells.
This is such a brilliant opportunity to purchase a well run successful business which also comes with a flat that is tenanted producing extra business income. There is a sandwich shop on the ground floor which is always very busy with a great mixture of regular customers as well as passing trade. The shop at the front of the property is a very good size and leads through to a very good size kitchen at the rear.
The separate flat has two bedrooms, a lounge, a kitchen and a bathroom. The lounge is a very good size and both bedrooms are doubles making the flat feel very spacious and creating ample space for single people as well as couples. The current tenant is paying 400 per calendar month and there is potential for this to be increased.
This is a freehold property.
Council tax band - A
EPCrating - TBC
We are expecting a lot of interest in this business and property so call to arrange a viewing as soon as possible to avoid missing out on it.
Please contact Kingswood.
Fulwood Office:
01772 717181
77 Watling Street Road, Fulwood, Preston, PR2 8EA
[email protected]
www.kingswoodproperties.co.uk
Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Shop 5.12 x 3.80 m (1610 x 126 ft)
Entrance door, window and an opening leading through to the kitchen at the rear.
Kitchen 4.10 x 3.68 m (135 x 121 ft)
Entrance door leading to the rear yard and an opening leading through to a storage area.
Flat
Lounge 5.13 x 3.91 m (1610 x 1210 ft)
Ceiling light point, two double glazed windows and a radiator.
Kitchen 3.39 x 2.33 m (111 x 78 ft)
Entrance door, two double glazed windows, electric hob, sink and drainer, space for washing machine, space for a fridge / freezer and a radiator.
Bedroom 1 3.72 x 3.06 m (122 x 100 ft)
Ceiling light point, double glazed window and a radiator.
Bedroom 2 3.03 x 2.36 m (911 x 79 ft)
Ceiling light point, double glazed window and a radiator.
Bathroom 1.60 x 1.43 m (53 x 48 ft)
Ceiling light point, double glazed window, bath with shower over, low level WC and a hand wash basin.
External
At the rear there is a yard.
Disclaimer
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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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