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p o r t f o l i o / D
e v e l o p m e n t s | Return
to Property Index
34
Tonbridge Rd,
Maidstone
Exclusive
development to Instant Portfolio. Exchange and complete on the same
day (within 5 weeks).
***First
come - first serve*** |
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A
refurbished three-storey 1920 property, comprising 4 x 1 bed flats
and 4 x studio apartments with separate bathroom and kitchen.
Located
10 minutes walk from Maidstone Town Centre and only a 5 minute walk
from Maidstone West BR Station.PRIME LETTING TERRITORY
All
flats are finished to an extremely high standard with double glazing
and gas central heating
throughout,
plus chrome fittings, ceiling spots and door ironmongery.
The
kitchens are tiled to a quality finish with Italian ceramics and
comprise of a Stoves cooker & Hob plus chrome extractor funnell,
fridge freezer and washer dryer.
The
Bathrooms are again tiled with Italian ceramics and comprise of a
bath with shower attachment plus ceramic basin and pedestal.
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Prices
from £118,000 |
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ALL
FLATS HAVE A PARKING SPACE AT THE REAR OF THE BUILDING. IN ADDITION
THERE ARE THREE GUEST PARKING SPACES.
Ground
Rent: 125.00 p.a
Service
Charge: 375.00 p.a.
All
properties independently valued by Halifax property services, Maidstone.
Rental
Income
We
are currently using two management agents in the Maidstone area in
order to achieve the best deal for our clients. Both are currently
credit checking proposed tenants ready to move in within 5 weeks.
Naturally as the owner you will have final choice of tenant if you so require.
Studios
projected at 475 to 525 pcm with 1 bed units achieving between 575
and 625 pcm.
Schedule
of Payments/Activity
1)
1000 reservation fee (plus completed reservation form) made payable
to the developer, "Total
Refurbishment".
This is deducted from net purchase price.
2)
Developers solicitor will send out contracts to your solicitor which
will need to be signed within circa 28 days, and returned ready for
exchange and completion, along with the fees listed at item 3) below
and the 85% buy to let mortgage. Naturally we have experienced Buy to
Let Solicitors and Mortgage brokers at your disposal should you
require to use them for this transaction.
3)
The following fees will then be required from your solicitor to
exchange and complete.
(i)
Solictor fee 500 *
(ii)
Mortgage broker fee 500*
(iii)
Stamp Duty (1%)1000 - 1250
(vi)
Instant Portfolio Fee(2% + vat)2350 - 2937.50
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Estimated costing.
Therefore
the maximum total outlay to purchase at 34 Tonbridge rd is 5187.50.
The minimum equity gained from purchasing at 34 Tonbridge Rd,
inclusive of all fees is 13,650.
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