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£725,000
Bathrooms
Investment Opportunity in the Heart of Bury Park
Welcome to an unparalleled investment opportunity brought to you by Ultimate Connexions. Nestled in the bustling heart of Bury Park, on the prominent Leagrave Road, this property offers a prime location coupled with impressive rental returns, making it an exceptional addition to any investment portfolio.
Property Highlights:
Prime Location: Situated on Leagrave Road, this property enjoys high visibility and foot traffic, ensuring maximum exposure for any business venture.
Versatile Space: The property boasts a spacious ground-floor shop spanning 117 square meters (1,259 square feet). Currently operating as a Sisha shop under a year-long license, this space presents endless possibilities for retail or commercial endeavours.
Residential Appeal: In addition to the commercial space, the property features two well-appointed flats, accessed conveniently from the side entrance.
Flat Features:
1, One-bedroom Flat:
- Spacious kitchen lounge area (6.683 m x 5.111 m = 34.157 m / 722.86 sq. ft) for comfortable living and entertaining.
- Upstairs landing with ample storage space (1.586 m x 2.944 m = 4.669 m / 50.25 sq. ft).
- Generously sized bedroom with ensuite (5.818 m x 4.661 m = 27.118 m / 291.75 sq. ft), offering privacy and convenience.
- Currently, generating 850.00 per calendar month.
2, Studio Flat:
- Thoughtfully designed kitchen, lounge, and bedroom area (5.416 m x 4.970 m = 26.918 m / 289.65 sq. ft), maximizing space and functionality.
- Separate bathroom for added convenience and comfort.
- Ideal for young professionals or students seeking a modern living space.
- Currently, generating 750.00 per calendar month.
Sale Price: 725,000.00
Financial Insights:
With a current rental income of 44,200.00 per annum, this property offers a lucrative 6% yield, showcasing its strong investment potential. Whether youre a seasoned investor seeking reliable returns or a newcomer looking to enter the property market, this opportunity promises both stability and growth.
Dont Miss Out!
With its strategic location, versatile layout, and impressive returns, this property on Leagrave Road presents a rare chance to secure a solid investment in the vibrant heart of Bury Park. Contact Ultimate Connexions today to seize this opportunity and take your investment portfolio to new heights!
Map location is not available for 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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