Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£300,000
Bedrooms
Bathrooms
Oiro 325,000
Property Description
Aston Estates are pleased to offer for sale this very substantial and large building in a very central and prominent position in Grimsby .
The property is situated on Dudley Street Grimsby which is a major Trunk road leading to all parts of the Town including the centre which is less then a mile away so in regards to location you cannot be in a more prime position for every opportunity .
The building on approach is what can be only described as commanding and bold the surrounding land to give you a idea wraps around the site which approximately would be suitable to accommodate 20 or more parking spaces .
Once you enter the building it quickly becomes apparent why the approximate square footage is 7500 with the overall room count at 30 which were formerly used for a whole host of tasks .
The ground floor at present is mixture of different sized rooms with the front area being the focal point at present and the first floor following in the same theme .
The building and its sheer enormity can on be only truly visualised with a internal inspection however we must stress it wont be a short visit as described it is a maze of rooms all with plenty and scope and space .
The property has Full approved planning for 6, One Bedroom self contained Apartments, 2, Two Bedroom Apartments and finally 1,3 Bedroom apartment which would give any developer a healthy return on any investment if they wish to simply convert this true iconic local building and either sell the apartments or go down the rental route .
The building has super potential in a very busy and ever growing local community with the constant investment in local commerce from large corporates this ideal lump of a building could and would certainly be a safe property investment it all depends on the hands that grasp it with a guide price of 350,000.00 it really is a Unique opportunity .
First to see will buy
Viewing strictly via the Agent
Property summary
: Full planning approved
North East Lincolnshire council
Application number
DM/0552/20/ful
: Plans Available on request
: Large and substantial
: Prime Location
: Great selling possibility
: Great Rental Yield
: Ideal development opportunity
Please note, we strongly advise you taking legal advice in confirming if the property is leasehold or freehold.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
