14 bedroom apartment for sale

£1,250,000

14

Bedrooms

9

Bathrooms

Floorplan

OVERVIEW An opportunity to acquire this unique complex with the balance of a 999 year lease and comprising 3 buildings delivering a pre-packaged investment with immediate returns of circa 9%.

The central section has been fully refurbished and retained by the developer with 9 apartments and 3 offices let to 1 tenant. Both the left and right entrances contain 3 x privately owned apartments which each pay 110 PCM service charges to the Freeholder.

This residential building has been finished to a very high-standard with modern fixtures and fittings throughout. This contemporary complex is approached via a quiet street, with a mixture of open and secure gated parking delivering an allocated space for each of the residential units. They benefit from Georgian style picture frame windows, integrated appliances, communal lift and bike store.

Portside House can be fully managed by our award-winning lettings and management team as an on-going hands-off investment.


ELLESMERE PORT & THE AMENITIES Ellesmere Port is home to Cheshire Oaks, the largest discount shopping village of its type in the country and the adjacent Coliseum Leisure Park. Ellesmere Port offers a wide range of primary and secondary schools and also South & West Cheshire College with the opportunity to study wide and far. The heart of the Port known for excellent neighbouring areas like Chester and the Wirral, and convenient travel connections.


GIVING YOU THE BEST CHANCE OF SELLING Need to sell? Would you really like to increase your opportunity of selling and get the best price in this strong market? With 2 offices, most likely the largest audience to target, and the know how to maximise your exposure on the portals, To find out why we might be the Estate Agent for you, call us now. Evening appointments available.

VIEWINGS Viewing is strictly by appointment only through Thomas Property Group.

FLOORPLAN These plans are included as a service to our customers and are intended as a GUIDE TO LAYOUT only. Dimensions are approximate. NOT TO SCALE.

AML ANTI - MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

COPYRIGHT Copyright (C): Thomas Property Group MMXXII: All Rights Reserved. You may download, store and use the material for your own private and personal use only.

You may not copy, reproduce, republish, retransmit, redistribute or otherwise make the material available to any party, any other agent or third party, or make the same available on any for sale particulars or marketing materials, website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the Thomas Property Groups express prior written consent.

The Thomas Property Group copyright remains on all photographs, floorplans and other materials on the sales particulars and websites at all times including after the property is sold or withdrawn from the market.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1037700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 31250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 100200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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