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£130,000
Prime Investment Opportunity: Established Sweet Shop in Forest Gate, London
Overview:
Seize a unique and lucrative investment opportunity in the heart of Forest Gate, London. This established sweet shop, strategically located on Green Street, is now available for discerning investors.
Key Features:
Location: Situated in the dynamic neighborhood of Forest Gate, this sweet shop enjoys high foot traffic and a diverse customer base.
Premises: The property features a newly refurbished basement area, ideal for expanding the business, whether as a restaurant extension or a well-organized stockroom.
Lease Terms: A favorable lease term of 6 to 7 years with periodic rent reviews (every 5 years) provides stability and the opportunity for fair market adjustments.
Financials: The annual rent is competitively priced at 22,000, while rates amount to a manageable 10,000 per year.
Profitability: Boasting a consistent weekly turnover of 5,000, this sweet shop has a proven track record of success and customer loyalty.
Ramadan Opportunity: Leverage increased business during the holy month of Ramadan for additional revenue.
Investment Details:
This is a rare chance to acquire a profitable business with a strong market presence. Whether you are a seasoned entrepreneur or a savvy investor, this opportunity promises long-term growth and stability.
For a comprehensive investment prospectus and to schedule a private viewing, please contact us.
Misrepresentations Act: Property Link for themselves and for the vendors/lessers of the property whose agents they are, give notice that: 1. The particulars are set out as general outline only for the guidance of intending purchasers/lessees and do not constitute, nor constitute part of an offer or contract. 2. All descriptions, dimensions, references to conditions and necessary permissions of use and occupation, and other details are given in good faith and are believed to be correct, but any intended purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each. 3. No person in the employment of Property Link has any authority to make or give any representation or warranty whatsoever in relation to this property.
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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