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£350,000 OIRO
BUSINESS AND TWO FREEHOLD PROPERTIESFOR SALE ' Successful family business established for over 40 years with an excellent customer baseand located in the heartof the local community ' Shop with two flats with long term tenants in situ' Equipment included ' Great size ' Lots of potential ' Great investment
KingswoodEstates are delighted to bring this shop and two apartments to the market for sale. The shop has been in the family for over 40 years and is in the heart of the local community. With a well established loyal customer base it is has been a very successful business.For sale are two properties next door to each other comprising of the excellentsize shop premises with a one bedroom flat above and the properlynext door with a two bedroom flat. Both flats have long term tenants in situ.
Accommodation:
Property 1
Excellent size shop premises on the ground floor.
1 bedroom flat on the first floor with a tenant in situcurrently paying 425 per calendar month.
Property 2
2 bedroom flat with a tenant in situcurrently paying 500 per calendar month.
Turnover:
We have been informedthe turnover is verydesirable.
Fixtures and fittings:
Included in the sale price.
Services:
All mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.
EPC:
A copy of theEPCis available in due course.
Freehold:
Both properties are freehold.
We are expecting a lot of interest in these properties and this excellent business opportunity 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.
Ground floor shop premises
Main shop floor 8.80 x 7.98 m (2810 x 262 ft)
Rear shop floor 6.36 x 4.80 m (2010 x 159 ft)
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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