£160,000
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
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VALUE
INVESTMENT
PERIOD
£160,000 £0 5.50% 18.00% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 28/08/2017
REDEMPTION DATE : 28/02/2018
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £900,000
SECURITY : 1st charge
PROPERTY TYPE : Semi Commercial
TENURE: Freehold

The subject property comprises of a three storey mid-terraced mixed use property arranged as a retail unit to the ground floor (A1 use) and residential accommodation to the upper parts.

The ground floor is broadly rectangular in shape that is let out to an independent trader on an occupational lease. The retail unit is arranged to provide a trading area, office, kitchenette and WC. It also benefits from an outbuilding providing additional storage and a parking space via a rear service road.

The shop is of a basic fit out, with an aluminium framed shop front and toughened glass inserts. The floor is covered with carpet and floor tiles with walls / ceilings drylined and decorated finish. The kitchen and WC are of a basic specification, but reasonable condition. 57 & 57A GREEN LANES, PALMERS GREEN, LONDON, N13 4TD V1217 AUGUST 2017 10

 

The upper parts are arranged to provide four x self-contained small studio units, accessible by a rear entrance via the rear service road. They are configured as a studio area (inclusive of kitchen/sleeping area) and a shower room. They are generally of a reasonable specification and condition throughout with the floors covered in a mixture of laminated flooring, carpets and floor tiles with the walls and ceilings dry-lined with a decorated finish. The kitchen and bathroom fittings are of a reasonable specification and condition throughout.