Killimster, Near Wick, Caithness, KW1 4RX

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Available / For Sale

McEwan Fraser Legal

Claremont House, 130 East Claremont Street, Edinburgh

11 bedroom commercial property for sale

£349,995 Offers over

11

Bedrooms

5

Bathrooms

5

Reception

Old School has been converted into four individual properties and one house. The current owner has recently invested in many improvements including an individually designed luxury kitchen in the main house and completely new external insulation. This property offers excellent income potential with owners accommodation in the main house. The other four apartments are easy to manage and offer good accommodation for either long term rental or holiday lets.The property sits on a large plot with walled gardens and there is ample parking for many cars. In the garden, there are areas of hard landscaping, lightly wooded areas and areas with a mixture of plants and shrubs. There are also four small outbuildings. There is approximately an acre of additional ground available by separate negotiation which would allow space for additional accommodation such as lodges, glamping and the possibility of a building plot subject to the relevant planning consent. A great opportunity for the new owners to put their mark on Old School of Killimster.MAIN HOUSEEntrance hall.Lounge with open fire and surround.A newly fitted designer kitchen with granite worktops, integrated appliances, feature display units with lighting, an island unit with hob and deep pan drawers, the kitchen also offer excellent space for dining. Generous family bathroom. Two double rooms.One single bedroom.Excellent storage throughout. Features, including old fire surrounds, cornice and full tiling in the bathroom.Newly double glazed windows, Brand new gas central heating system, open fire and 90mm thermal cladding insulation.Gross internal floor area (m) - 95m2EPC Rating - CFLAT 1Entrance hall.One double bedroom apartment.Open plan lounge/kitchen with ample base and wall units, and stairs to the first floor, includes feature split level area which offers space for dining.Bathroom with electric shower over the bath.Newly double glazed windows, brand new oil central heating and open fire.Gross internal floor area (m) - 61m2EPC Rating - CFLAT 2 & 3Entrance hall leading to the apartment.Lounge.Kitchen with ample base and wall units and space for appliances.Shower room with electric shower.Two double bedrooms.Good storage throughout. Electric storage and panel heaters.Gross internal floor area (m) - 46m2EPC Rating - DApartment 3 is a mirror layout to number 2Entrance hall leading to the apartment.Lounge.Kitchen with ample base and wall units and space for appliances.Shower room with electric shower.Two double bedrooms.Good storage throughout.Electric storage and panel heaters.Gross internal floor area (m) - 46m2EPC Rating - DHOUSE 4Generous accommodation over two floorsA large L-shaped loungeModern kitchen with a good range of base and wall units with space for appliancesThree piece bathroom with mixer tapsThree generous double bedroomsAmple storage throughout.Gross internal floor area (m) - 87m2EPC Rating - D

By appointment through McEwan Fraser Legal on 01463 211 116

McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.

Extras (Included in the sale): All carpets, blinds and curtain are included in the sale, the furniture and white goods are available by separate negotiation.

Nearest Stations:

4.66 miles
Wick
10.16 miles
Georgemas Junction
13.74 miles
Scotscalder
14.35 miles
Thurso
20.7 miles
Altnabreac

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 291445.875

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8749.875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 28949.625
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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.

Total Profit

£
  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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