Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
117, London, SE10 9TX
£10,000
Bathrooms
Wetscombe Park Train station and North Greenwich Station are located within 5-10 minutes walking distance, providing great transport links to Central London, London Bridge and others. The location also has several bus stops supporting services to all surrounding areas.
The premises is based over two floors. The ground floor shop is dvidided into two spaces by a walse wall, which could easily be removed, however is currently dividing the shop into two seperate retail space. In addition, the ground floor benefits from two further areas to the rear of the property, with seperate rear entrance. One of the spaces was being used for church gatherings and private tuition centre. The property also has toilets and kitchenettes. The basement contains a further three seperate rooms, currently being used for storage and office space.
The property is available with a full repairing and insuring lease and a reduced premium of 10,000.
Total size of the property: 148.3 sqm (1597 sqft)
Current rateable value: 5,500
Current Rent: 20,000
The property currently has a Class E License any applicants interested in this property must be sure to apply to the local council for the license that their business requires.
Viewing is highly recommended.
Please contact our office via email or by phone to arrange a viewing.
Subject to Admin Fee of 1000.
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.
117, London, SE10 9TX
The Property has been saved to your favorites
/ 5
It's quick and easy
