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£2,300,000 Offers in excess of
Woodhouse are pleased to offer this excellent opportunity to acquire a commercial development site in Roydon. Situated on Reeves Lane, approximately 3 miles from both Harlow and Hoddesdon.
The site is approximately 0.72 hectares (1.78 acres) with approx 5500sqm of existing glasshouses. About 2200sqm of this would be demolished, leaving 3300sqm to be converted into 14 x B1/B8 Units.
The area cleared as a result of the demolition would provide space for a 5.5m wide access road to serve the units as well as space for vehicle parking and turning. The existing aluminium glasshouse structure would be retained, and cladded with profiled steel sheeting backed by insulated panels. Each unit would have a steel roller shutter door and personnel door to its front elevation.
Details of the planning permission can be obtained via the Epping Forest District Council Planning Portal using Reference EPF/1322/20 - for the proposal part demolition of the existing glasshouse and the ancillary nursery buildings change of use and conversion of the remaining glasshouses to form 14 units.
1650sqm of B1(c) light industrial & 1650sqm of B8 storage and distribution. Total gross new internal floor space proposed including changes of use for 3300sqm.
IN ADDITION TO THE ABOVE THERE IS A FURTHER PLOT OF 1/3 ACRE. This plot has numerous outbuildings with the main attraction being a Detached Chalet Bungalow. Comprising of 3 x Double Bedrooms, there is excellent scope here for development STPP.
This whole site therefore totals in excess of 2 acres, and is offered with vacant possession. Contact Woodhouse today for further information and viewing arrangements.
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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