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£50,000
Bathrooms
Welcome to an exceptional opportunity to own a thriving commercial property in the vibrant heart of Croydon. This exquisite restaurant, currently operating as a successful pizza shop, is now available for sale at an asking price of 100,000. Situated on Southbridge Road, CR01AE, this property boasts a prime location with an array of amenities and conveniences at its doorstep. The closest supermarkets, including Tesco Express (0.3km), South End Supermarket & Off Licence (0.4km), and Iceland (0.61km), ensure that your supply needs are always within reach. Additionally, the property is conveniently located near various public transport options, with the South Croydon bus stop (0.43km) and South Croydon railway station (0.8km) providing easy access to the area. This bustling locale also offers an array of dining options, with Yosis Kitchens just 0.26km away, as well as proximity to Centrale Shopping Centre (0.85km) and Whitgift Shopping Centre (1.03km) for all your retail therapy needs.
Furthermore, the property is surrounded by essential amenities, including the Jeanette Wallace House hospital (0.45km), The Raj Osteo Clinic (0.25km), Lloydspharmacy (0.33km), Anytime Fitness (0.42km), and The David Lean Cinema (0.57km), ensuring that health, wellness, and entertainment are all within easy reach. Nature enthusiasts will appreciate the nearby Edridge Road Green (0.38km) and The Queens Gardens (0.59km) for leisurely strolls and relaxation. Additionally, the convenience of the Post Office South End (0.51km) and Croydon Central Library (0.61km) further adds to the appeal of this prime location. Not to mention, the property is a stones throw away from the Surrey Cricketers (0.08km) and The Edge (0.25km) for a vibrant nightlife experience.
With its strategic location and proximity to various amenities, this property presents an exceptional investment opportunity for those seeking a thriving business in a bustling area. Dont miss out on the chance to own this prime commercial space in one of Croydons most prosperous and dynamic locations.
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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