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1024 Maryhill Road, Glasgow, G20 9TE
£185,000 Offers in excess of
Bathrooms
Reception
Location
Paisley is one of Scotlands largest towns is situated approximately 6 miles west of Glasgow and is of course the birthplace of Paisley pattern, has a population of around 80,000 people, and is well connected to the Scottish motorway and rail networks as well as Glasgow Airport. The property is located just off the main arterial route into the city.
Description
The premises comprise the whole of a substantial 1950s-built property with brick faade Internally the ground floor comprises a number of offices fitted out to a grade 2 standard with suspended fluorescent lighting plaster walls and carpeted floor finishes. Toilets and staff accommodation are provided on the 1st floor where additional offices as well as the tea preparation area can be found.
Accommodation
From measurements taken on site we would calculate the dimensions and accommodation as follows:
NIA m2 NIA sq.ft
Ground Front 56.14 604.30
Ground Rear 47.29 508.07
First 96.35 1,037.13
Total 199.78 2149.5
Gross Internal Area 243.87 SQM (2,625 SQFT)
Rating
The property is currently assessed as follows:
Ground, Front. NAV 4,211
Ground Rear NAV 3,369
First. NAV 6,504
Energy Performance
A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
TermsPrice
Offers over 185,000 exclusive of VAT are invited for the benefit of our clients heritable interest in the subjects.
VAT
There is no VAT on the purchase price.
Legal Costs
Each party will be responsible for paying their own legal costs incurred in any transaction.
Entry
Upon completion of legal formalities
Specification
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.
1024 Maryhill Road, Glasgow, G20 9TE
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