075CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£119,471 7.5% 47.9% 10 months
Assigned
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Additional Info

DRAWDOWN DATE : 18/09/2014
REDEMPTION DATE : 17/08/2015
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 10 months
CURRENT PROPERTY VALUE: £1,100,000
SECURITY : 2nd charge
PROPERTY TYPE : Residential
TENURE: Leashold 86 years unexpired

The property is a 2 Bedroom self-contained basement flat situated in a mid terrace building constructed around 1870 and designed by E Haberson and Brock architects. Access to the flat is from a set of steps located at the front of the property. This is a common arrangement for this type of property with the basement areas formerly arranged as servants living areas at the time of construction when the property was originally arranged as a single dwelling.

The building is constructed of solid brick walls extending to five floors above ground and basement flats below ground. The roof construction is thought to be of concrete as it is not visible from the ground. The security is currently arranged as a two bedroom self-contained flat with kitchen and bathroom facilities.

The internal decorative order is good and above a reasonable standard. Decorations are good and despite being occupied by a tenant is well looked after. The property is heated by a gas fired boiler supplying radiators in most rooms.

The Property is located on the north side of Emperors Gate, a residential street running to the east of the A4 Goldhawk Road in South Kensington. Local shops are some 150m to the south in Goldhawk Road. There is a large Sainsbury supermarket within a short travelling distance and to the west (1.5 miles) are the famous retail stores of London including Harrods.

Emperors Gate is located some 6.1 miles to the west of Central London and 15 miles to the east of Heathrow Airport and the A316 is a short drive from the property. Only residential permits and pay and display parking is possible in this immediate area save from evenings and on a Sunday.

The area is served by Goldhawk Road station (0.2 miles) and High Street Kensington (0.4 miles) underground stations providing access to the network of tube Line’s serving this area (Piccadilly, Central, District and Central).