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Claremont House, 130 East Claremont Street, Edinburgh
£375,000 Offers over
Dating from the late 1800s, The Green Cruachan (now used as a B&B) is an attractive and charming property benefiting from a most prominent trading location on the North Coast 500 Route. This well-formed home and business has an elevated position with hill views to the front and is set within some of the most stunning scenery in the UK. Set close to some excellent hill walking and beautiful sandy beaches, this is truly a most idyllic location in which to live and work.The Green Cruachan has an impressive property footprint set within garden grounds mainly laid to lawns and extend to approximately 0.156 hectares. The internal aspects are all presented in sound walk-in condition as the owners have invested heavily into improving both the condition and dcor of the property. For someone looking for a rural bed and breakfast business or a family home in the North West Highlands, this is a must see.A key aspect of this property are the four en-suite bedrooms which are presented to a comfortable standard. One bedroom is situated on the ground floor with the 3 remaining rooms on the first floor. The other guest areas include a spacious lounge. The accommodation allows for flexible options which suit the lone traveller, couples, families or small groups.The fifth bedroom and bathroom (now used as private space) are situated on the first floor (with a private entrance) plus there is a private lounge and dining room on the ground floor. Also set to the ground floor is a modern kitchen and additional storage. There is a separate laundry room.
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.
https://www.thegreencruachanstoer.com/ The business has a rateable value of 4,250 (as at 1 Apr 2017) attracting a 100% discount under the small business bonus scheme for qualifying applicants.
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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