Freehold residential property in Harringay - £188,000
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£188,000 £91,275 6.50% 62.66% 12 months

Reserve

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Additional Info

DRAWDOWN DATE : 28/03/2018
REDEMPTION DATE : 28/03/2019
FULL TERM OF THE LOAN : 12 months
INVESTMENT PERIOD : 12 months
CURRENT PROPERTY VALUE: £300,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property comprises a first and second floor flat above a food store in a parade of shops that includes a laundrette, fast-food outlets and nightclub, bar and restaurant, in Harringay, a district of North London.


West Green Road is a busy A-road running through the area leading into the centre of Harringay and Hornsey were there is a good selection of shops, bars, restaurants and other leisure facilities.

Turnpike Lane tube station is 0.2 miles and Hornsey train station is 0.6 miles.


The property is presented in poor condition and would benefit from a general refurbishment and modernisation scheme to fully maximise its potential value.