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9 Spring Street London W2 3RA
£2,025,000
Council tax band: G
Tenure years left: 900
Astons London are pleased to Introduce to the market an Investment opportunity for sale consisting of three one bedroom apartments in the heart of prime West End of London W1.
The apartments have recently undergone full property refurbishments throughout and are offered for sale with extremely long leases of over 900 years.
The apartments located on the first, second and third floors have been finished to a very high standard with high ceilings, ample storage and original period features.
The properties comprise of generously sized bedrooms, wooden flooring throughout, tiled modern bathrooms, fully integrated and open plan kitchens.
The three apartments are being sold with vacant possession and ready for new ownership.
An equal share of the management company will be allocated to each apartment providing the new owners the right to manage the building.
Please call Astons London on 020 7262 2900 for further details.
Wardour Street became a center for the British film indus-try and the popular music scene.
Soho is bordered to the east by Covent Garden, to the west by Mayfair and to the south by Piccadilly Circus. It is a very cosmopolitan area of the West End and the proximity of each of the submarkets strongly influence each other.
Wardour Street is now renowned for its high concentration of restaurants, cafes and bars occupied by a variety of national, regional and local traders.
-4-minute walk to Chinatown
-7-minute walk to Leicester Square station
-10-minute walk to Oxford Street
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.
9 Spring Street London W2 3RA
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