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£299,950 OIRO
Bathrooms
GENERAL
Virdee Estates are proud to present for sale this Freehold A3 retail premises, situated on the main Soho Road opposite the Barclays Bank, comprising of a trading area, preparation room, kitchen, bathroom and accommodation to the first floor. Offered Freehold with vacant possession. Please note the franchise branding is not included in the sale.
TRADING AREA
297' X 142'
Main trading and service on entrance to the outlet. comprising of ample light points to the ceiling, ceramic floor tiles and single glazed window and door to the front elevation
PREPARATION ROOM
394' X 141'
Having ceiling light points, ceramic floor tiles and two double glazed windows to the side elevation
KITCHEN
1011'X 85'
Having a ceiling light point, a range of fitted units, space for appliances subject to size, laminate floor covering and a double glazed window to the rear elevation
STORAGE ROOM
711' X 59'
LANDING
Having ceiling light points and laminate floor covering
LOUNGE
138' X 109'
Having ceiling light points, laminate floor covering and a double glazed window to the rear elevation
BEDROOM
166' X 1310' INTO ALCOVES
Having a ceiling light point, gas fire, laminate flooring and a double glazed window to the front elevation
KITCHEN
Having a ceiling light point, a range of fitted wall and base units, space for appliances subject to size and a double glazed window to the rear elevation
BATHROOM
9 X 510'
Having ceiling light points, suite comprising of bath tub, hand wash basin & w.c, ceramic wall tiles, laminate floor covering and a obscure double glazed window to the rear elevation
TENURE
Virdee Estates have been advised that the property is Freehold and will be sold with vacant possession.
FIXTURES & FITTINGS
All moveable counters and equipment shall be removed prior to completion of the sale, please note that the franchise name AMBALA is not included in the sale.
VIEWINGS
Please call Virdee Estates to arrange an appointment.
THINKING OF SELLING OR LETTING YOUR HOME?
Virdee Estates would be delighted to carry out a FREE market appraisal of your property.
CALL NOW ON 0121 554 0330
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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