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£80,000 Guide Price
Bedrooms
Bathrooms
'For sale via secure sale online bidding: terms and conditions apply.'
Curlett Jones are pleased to present an excellent opportunity to acquire a versatile commercial property on Ashley Road, just a short distance from Southports bustling town centre. Currently operating as a Chinese takeaway, this property offers a well-proportioned layout, making it ideal for a variety of business ventures.
Upon entering, you are welcomed by a generous front shop area, complete with heated display cases, perfect for a takeaway or food-based business. Behind this, the property features a large, fully equipped kitchen with ample preparation space, catering to a busy working environment. Additionally, two spacious storage rooms provide excellent space for stock, equipment, or additional business needs.
Beyond the commercial space, the property benefits from living accommodation. This includes three well-sized double bedrooms and a bathroom, offering the potential for owner-occupier use or staff quarters.
Externally, the property boasts a private rear garden along with ample outdoor storage, further enhancing its practicality.
With its positioning, adaptable layout, and potential for various business opportunities, this property presents a fantastic investment for business owners or those looking to expand their commercial portfolio.
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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.
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