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£1,200,000
Bedrooms
Square Quarters are pleased to present this opportunity to purchase this Freehold building spreadover 4 floors in this prime location consisting of a massive commercial unit over 2 floors and 2 x 1 bed apartmentsin IslingtonsBarnsburyarea N1 moments to Kings Cross.
The building has been fit out to a high standard after a recent refurbishment. The building consists of a ground floor lock up shop and basement with lovely flooring, glassfrontage, small office, kitchenette and a WC. The first floor has a modern one bedroom apartment with open plan living room and kitchen, bathroom and spacious bedroom boastinglarge period sash windows and high ceilings. The top floor apartment has stairs leading up to the 2nd floor landing, a modern open plan kitchen and reception, bathroom, spacious bedroom and small loft area.
The property is located on Caledonian Road in the Barnsbury area, only moments from the gardens of Thornhill Square and suitably located within a few minutes walk to CaledonianRoad tube station and moments to the sought after Upper Street in Angel and perfectly for access to the major transport hub at Kings Cross/ St Pancras International and not only does Kings Cross & St Pancras International provide truly phenomenal accessibility around London but it is also currently one of the biggest development sites/ regeneration areas in London, benefitingfrom a massive influx of investment in infrastructure and property, creating one of the most exciting and vibrant locations with a wealth of amenities. With Google, amongst others, looking to build their European & UK headquarters and Central St Martins College this really is set to be an even more desirable and sought after area.
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.
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