| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£262,500 | 8.0% | 70.0% | 6 months |
|---|
The property is a 2 storey, square, detached building incorporating ground floor and basement, behind a gated entrance.
The property is built of concrete block construction, with rendered and whitewashed walls, set beneath a flat roof.
Off street parking is provided to the front elevation, leading to a gated entrance.
The property is conveniently situated for an array of local and national retailers to Hertford Road, approximately half a mile from the subject property.
Although there is no underground station close by, Brimsdown mainline station is 0.5 miles to the east of the property and bus routes serve the locality.
Good vehicular access is afforded to the area with the M25 a short drive to the north.
There are numerous schools within a 2 mile radius of the property, including Suffolks Primary School, Durants School and Ark John Keats Academy.
The borrower intends to repay the loan by refinancing.
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