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4 Coral Street, Leicester, LE4 5BD
£110,000 OIRO
A well-presented commercial unit offered for sale in a prominent and highly visible position on Coalville High Street. This versatile property provides an excellent opportunity for investors or owner-occupiers seeking an affordable premises in a busy town centre location.
The accommodation comprises a spacious main hall/open-plan area suitable for a wide range of commercial uses, along with a fitted kitchen and WC facilities. The layout is practical and flexible, allowing the space to be easily adapted to suit individual business requirements.
The unit benefits from good natural light throughout and a functional internal arrangement, making it ideal for retail, office, studio, or service-based businesses looking to establish or expand their presence.
- Excellent visibility and footfall
Situated on Coalville High Street, the property lies in the heart of the town centre and benefits from strong footfall and excellent exposure. Coalville offers a wide range of local shops, cafs, banks, and amenities, all within easy walking distance.
The area is well connected, with convenient access to the A511 and M1, making it easily accessible for both customers and staff. Public transport links are also close by.
Further details will be provided shortly.
Contact Ruut Homes today to arrange a viewing.
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.
4 Coral Street, Leicester, LE4 5BD
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