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£115,000 OIRO
Bedrooms
Bathrooms
ATTENTION INVESTORS!!! This commercial property with a one bedroom flat is available FOR SALE. The ground floor is spacious and is being used as a parts store. The one bedroom flat which is currently vacant now and has a potential of fetching an income between 9,000 - 10,000 per annum. Call to arrange a viewing before is sells.
- Commercial investment opportunity
- Ground floor shop and one bedroom flat above
- Annual gross income between 9,000 - 10,000
- Freehold for sale
- Close to transport links, shops and amenities
Located on Inkerman Street, Aston on Ribble, this property will suit an investor who is looking to buy an investment with the potential to add value to the property and potentially increase the income with the one bedroom flat above. The property is currently being used as a parts provider to the motor trade.
Furniture in the one bedroom flat is included with the sale of the property.
It is rare that properties of this type come to the market for sale and when they do they sell quickly. We are expecting a huge amount of interest in it so call to arrange a viewing to avoid missing out on it.
Contact Kingswood Sales and Letting to book you viewing to appreciate the property.
City Office: 01772 88 65 55
11 Lune Street, Preston, PR1 2NL
Fulwood Office: 01772 71 71 81
77 Watling Street Road, Fulwood, Preston, PR2 8EA
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.
Ground Floor
Shop Floor 3.70 x 8.51 m (122 x 2711 ft)
False Ceiling, LED Lighting, Double Glazed Windows, UPVC Front Door To Front, Iron Security Gating and Fencing, Solid Concrete And Wooden Flooring.
Office 2.60 x 2.70 m (86 x 810 ft)
LED Lighting, False Ceiling, Wooden Flooring, Glazed Window Looking Into Shop Floor, Single Glazed Window To Rear With Security Mesh
Hallway 1.9 x 2.5 m (63 x 82 ft)
Small Double Glazed Window To Rear Yard, LED Lighting, False Ceiling, Door Leading To W/C.
W/C 1.1 x 2.3 m (37 x 77 ft)
Low Level W/C, Sink Basin, Double Glazed Window.
First Floor Flat
Entrance and Landing
UPVC Door To Flat Entrance, Stairs Leading to First Floor, Carpets, Ceiling Light, Smoke Alarm, Loft Access, Door Leading To Lounge, Door Leading To Bedrooom, Door Leading To Bathroom
Lounge/ Diner 3.9 x 4.7 m (1210 x 155 ft)
Double Glazed Window, Ceiling Light, Carpets, Door Leading To Kitchen Door Leading To Landing.
Kitchen 1.8 x 2.6 m (511 x 86 ft)
Wall And Base Units, Gas Hob, Stainless Steel Sink With Drainer, Combi Boiler, Part Tiled Walls, Lino Flooring, Double Glazed Window, Pine Cladding With Batten Fitting. Door Leading To Balcony.
Bedroom 2.7 x 3.8 m (810 x 126 ft)
Double Glazed Window, Ceiling Light, Carpet, Radiator, Built In Desk.
Bathroom 1.7 x 2.3 m (57 x 77 ft)
Double Glazed Window, Low Level W/C, Sink Basin, Bath Tub With Over Head Shower, Ceiling Light, Tiled Walls, Lino Flooring, Gas Central Heating.
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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