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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£280,000 6.5% 35.2% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 03/10/2014
REDEMPTION DATE : 02/04/2015
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £1,250,000
SECURITY : 1) 1st charge; 2) 2nd charge
PROPERTY TYPE : 1) Commercial; 2) Residential
TENURE: 1) Freehold; 2) Freehold

1st property:

The property is a ground floor lock up shop with a separate entrance to a first flat to the rear via concrete stairs that access a rear balcony.

The property is constructed around a solid brick frame under a double pitched tile roof with an aluminium shop front, modern in design with clear unencumbered retail space and rear stores and staff wc.

The property is a mid terrace shop unit within a secondary parade of similar size shops mainly occupied by local traders and includes a hair salon, travel agent, food takeaways, off licence, dry cleaners, estate agents and florist.

It is located just south of Enfield and north of the A406 North Circular Road close to Winchmore Hill and Grange Park railway stations.

 

2nd property:

The property is a detached house with 5 bedrooms, 2 bathrooms and 1 reception. it is located on Lyonsdown Road in New Barnet EN5 is in the London region of England.