6 bedroom commercial property for sale

£950,000

6

Bedrooms

6

Bathrooms

To the ground floor;-

Metal framed window and door to front elevation, with electric shutter to the door leading to;-

Office / Retail Space 44-09 x 17-17

Metal framed window and door to front elevation, the doors push open to fully expose the front, inset lighting, tiled floor. The current tenants have refurnished the property and are currently in lease details can be provided.

Seating area basement 42- x 17-07

WC facilities

Storage and office space

The apartments are access via the side of the building with the first two located off a communal stair way and their own door;-

Flat 1

Studio area 15-2 x 11-08

Wooden framed window with secondary glazing to the front elevation, electric heater, wood laminate flooring,

Kitchen area 10-06 x 5-03

Various eye and base level units with work tops over, stainless steel sink and drainer with complimentary tiled splash back, integrated oven, hob and extractor fan, space and plumbing for washing machine

Shower room tiled floor and walls, shower cubicle, low level wc and pedestal hand basin

Flat 2 first stairwell, second floor

Lounge / kitchen 11-02 x 15-07

Wooden framed window with secondary glazing to the front elevation, electric heater, wood laminate flooring, various kitchen base and eye level units with work tops, stainless steel sink and drainer with complimentary tiled splash back, wood laminate flooring, electric heater

Bedroom 12-06 x 10-03

Wooden framed window with secondary glazing to the front elevation, electric heater, wood laminate flooring,

Shower room tiled floor and walls, shower cubicle, low level wc and pedestal hand basin

Flat 3 access from second communal stairwell, 1st floor

Lounge / kitchen 15-03 x 9-03

Dual aspect wooden framed windows to side aspect, electric heater, various eye and base level units with worktops over, stainless steel sink and drainer with complimentary tiled splash back, integrated oven, hob and extractor fan, space and plumbing for washing machine

Bedroom 12-05 x 9-02

Wooden framed window to side elevation, wood laminate flooring, electric heater

Shower room tiled floor and walls, shower cubicle, low level wc and pedestal hand basin

Flat 4 first floor

Lounge 11-07 x 8-03

UPVC double glazed window to side elevation, electric heater, wood laminate flooring, door to;-

Shower room tiled floor and walls, shower cubicle, low level wc and pedestal hand basin

Kitchen 12-03 x 7

UPVC double glazed window to side elevation, various and base level units with worktops over, stainless steel sink and drainer with complimentary tiled splash back, integrated oven, hob and extractor fan, space and plumbing for washing machine

Bedroom 16- x 7-03

UPVC double glazed window to side elevation, electric heater, wood laminate flooring

Flat 5 second floor

Lounge / kitchen 15-07 x 9-03

Dual aspect UPVC double glazed windows to side elevation, wood laminate flooring to the lounge area and tiled to the kitchen area, electric heater, various and base level units with worktops over, stainless steel sink and drainer with complimentary tiled splash back, integrated oven, hob and extractor fan, space and plumbing for washing machine

Bedroom 13-08 x 9-01

UPVC double glazed window to side elevation, wood laminate flooring, electric heater

Shower room tiled floor and walls, shower cubicle, low level wc and pedestal hand basin

Flat 6 second floor

Lounge / Kitchen 13-09 x 12-04

Dual aspect UPVc double glazed window to side elevation, electric heater, various eye and base level units with worktops over, stainless steel sink and drainer with complimentary tiled splash back, integrated oven, hob and extractor fan, space and plumbing for washing machine

Bedroom 16- x 11-04

Wooden framed window to side elevation, wood laminate flooring, electric heater

Shower room tiled floor and walls, shower cubicle, low level wc and pedestal hand basin.

If you would like to view this property, please allow us 48 hours notice, so we can duly inform the tenants.

Map location is not available for this property.

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

£ 775200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 23750
  • 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

£ 62700
  • 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.

£

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.

Total Profit

£
  • Final Equity Profit
    £

    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

£

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

Notes

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