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Claremont House, 130 East Claremont Street, Edinburgh
£485,000 Offers over
Bedrooms
Bathrooms
Reception
McEwan Fraser Legal is delighted to present to the market Ardencraig House Apartments, This is a beautifully converted Georgian mansion divided into five extremely spacious and comfortable apartments tucked away in a beautiful spot in Rothesay overlooking the Firth of Clyde. The house stands in large gardens and are occasionally visited by the local deer and other wildlife. The apartments are fully serviced and presented to the new owner as a turnkey operation, which currently has a 5-star Trip Advisor rating. The apartments are fully equipped with everything you should need. You will really feel at home in them. Four have a stunning sea view across the Firth of Clyde to the Ayrshire coast and the fifth apartment looks out over the gardens to the rear of Ardencraig House. There are 2 large outbuildings that can be used as storage or laundry facilities. This is a unique opportunity to purchase a proportion of this substantial property and business that has been successfully trading with the current owners for a number of years during which they have totally refurbished the premises. It is an established family run business within Rothesay and benefits from first-class local trade as well the many visitors and tourists who visit the island on an annual basis and return time and again to stay in the apartments. The new owner(s) will have an opportunity to put their own mark on a business which offers great scope and potential growth.
By appointment through McEwan Fraser Legal on 0141 404 5474
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
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.
Claremont House, 130 East Claremont Street, Edinburgh
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