Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£295,000
This mid terraced industrial unit benefits from a manually operated roller shutter door with independent entrance door. The ground floor is open plan with two toilets and electrical cupboard with 3 phase electric supply and gas supply in situ. Stairs leading to first floor has an open plan area with two storage rooms, one to the rear and the other to left hand side.
Imperial Park is situated immediately off Rawreth Lane, Rayleigh, just east of the A130 main trunk road giving easy access to the A127, A12 and M25 and is approximately 1 miles west of Rayleigh Town Centre.
The premises have been measured on a gross internal basis.
Ground Floor: 1,400 Sq Ft 130.06 Sq M
Toilets
First Floor: 1,400 Sq Ft 130.06 Sq M
Interested parties are advised to make their own enquiries to Rochford Borough Council or via
295,000 + VAT.
Each party to be responsible for their own legal costs.
Ground and First Floor Levels
LED Lighting to both Floors
Three Phase Electric
Two Toilets
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
