| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£175,200 | 7.0% | 53.9% | 9 months |
|---|
The premises comprise a two storey end of terrace freehold building with a rear yard, garage and a timber shed. The property is arranged as a ground floor shop accessed from a stepped pavement and a ground and first floor maisonette accessed via the rear yard.
The property is situated at the end of a tertiary parade that comprises three properties with ground floor retail accommodation and mainly residential upper parts.
The property is conveniently located for transport links with London Road (A23) a short distance to the east leading to nearby Croydon and the M25 motorway further to the south and giving access to central London to the north.
The borrower intends to repay the loan by selling the ground and first floor maisonette.
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