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£1,395,000
Bedrooms
Bathrooms
Set on the fifth floor of the Cardamom Building, which is the warehouse that flanks the south side of the famous cobble street of Shad Thames, this classic warehouse apartment offers a large floor area and lots of industrial character.
The apartment, with a 1593 SQFT layout, has been well thought through. It is made up of two large double bedrooms, the principal with a great en-suite bathroom and the second bedroom has built in wardrobes, both overlook the iconic cobbles of Shad Thames.
To the south of the building is the huge reception room with exceptional ceiling height leading directly on to the private balcony. Linking into this room is a beautiful eat in kitchen with exceptional natural light.
A unique feature for this apartment is the fact it is one of only 9 apartments in Cardamom Building that has one of the iconic walkways that once bridged Butlers Wharf and Cardamom building. Nowadays, these walkways are used as private balconies which offer splendid views along Shad Thames. The property comes with a secure parking space, plenty of storage and a concierge.
The Cardamom Building is one of the original historic spice warehouse buildings dating back to the 1870s, this is one of Shad Thames premium blocks benefiting from 24hr concierge, lift access, CCTV security cameras and secure car parking.
The property comes with a secure parking space and is offered to the market chain free.
Situation
Shad Thames is a highly desirable location on the banks of the River Thames, steeped in history and enchanting character. A variety of bars and restaurants are 2-3 minutes walk away including The Ivy, Pont de la Tour and the Michelin starred Restaurant Story. Stretch your legs a little further and find all the trendy spots Bermondsey Street has to offer.
The area is very accessible and whilst many residents walk across Tower Bridge into the City, there are also excellent transport links. Destinations from London Bridge train station include Gatwick Airport (28 minutes) and Charing Cross (8 minutes). London Bridge underground station (Jubilee and Northern Line), Tower Hill (Circle and District line) and Tower Gateway DLR are all just a short walk away.
Property Ref Number:
HAM-56992Your 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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