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£2,000,000
Bathrooms
Location
Chapel Street is located within the centre of Luton, having good access to the Park Viaduct dual carriage/inner ring road and M1, Junction 10/London LutonAirport.
This multistorey building provides retail units at ground level with offices suites above accessed via a grand entrance foyer.
CCTVcoverage in the communal areas, 2 lifts serving all floors, communal areas have been decorated throughout.
Ground Floor
Senses Well-being Oriental Natural Health Care Centre Retail Shop - 1,307 sq ft / 127.03 sq m
How Cha Noodle Bar Restaurant - 1,051 sq ft / 97.63 sq m
Toprakis a Turkish Restaurant is spilt over 2 floors, kitchen and amenitiesground floor, first floor seating capacity for 50 - 1,621 sq ft / 150.61 sq m
The GospodaRestaurant is spilt over 2 floors, ground floor comprises of raised seating area, long bar, serving area for takeaway facilities, 8 tables andcustomer cloakrooms. First floor open plan kitchen, 13 tables - 2,126 sq ft / 97.5 sq m
ArselySuite - First Floor - 2,198.17 sq ft / 204.21 sq m
ChalgraveSuite - Second Floor - 2,501.61 sq ft / 232.40 sq
HenlowSuite - Second Floor - 2,198.17 sq ft / 204.21 sq m
KensworthSuite - Third Floor - 2,676 sq ft / 248.60 sq m
SomeriesSuite- Fourth Floor - 2,676 sq ft/ 248.60 sq m
Total floor space 18,422 sq ft / 1,711.48 (measurements taken from VOA)
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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