1 /6
£550,000
Church Road, London, SE19
- 0 beds
£550,000
- 0 beds
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Estimate monthly mortgage payment:
£2,511 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£27,500
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The property comprises of ground, basement, first and second floor of a three storey terraced building with brick facia beneath a pitched roof.
Ground and basement floor provides a bar area and restaurant area with seating on loose tables and chairs for 80 customers. Ancillary areas include a trade kitchen and customer WC�s. Basement includes a separate function room and bar.
Uppers comprise of two 1 bedroom flats and a two bedroom flat all sold off on long leases with ground rents at £100 for the one beds and £200 for the two bedroom flat.
Tenure
The property is held freehold.
Tenancy
The ground and basement floors are let to Yak & Yeti Limited on a new 15 year lease from 01 Aug 2023 at a current rent of £34,000 per annum which is subject to five yearly open market rent reviews.
Planning
The property is not listed or situated within a conservation area.
Terms
We are instructed to invite offers at £550,000 (6.18% NIY) assuming the usual purchasers costs.
Additional info:
Each of the upper residential leases have approx 65 years remaining
Ground and basement floor provides a bar area and restaurant area with seating on loose tables and chairs for 80 customers. Ancillary areas include a trade kitchen and customer WC�s. Basement includes a separate function room and bar.
Uppers comprise of two 1 bedroom flats and a two bedroom flat all sold off on long leases with ground rents at £100 for the one beds and £200 for the two bedroom flat.
Tenure
The property is held freehold.
Tenancy
The ground and basement floors are let to Yak & Yeti Limited on a new 15 year lease from 01 Aug 2023 at a current rent of £34,000 per annum which is subject to five yearly open market rent reviews.
Planning
The property is not listed or situated within a conservation area.
Terms
We are instructed to invite offers at £550,000 (6.18% NIY) assuming the usual purchasers costs.
Additional info:
Each of the upper residential leases have approx 65 years remaining
Mortgage calculator
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£2,511 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£6,250
Mortgage and legal costs:
£999
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