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Ealing London

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£1,000,000 Guide Price

Ealing London

Price
£1,000,000 Guide Price
Rooms
0 Bedrooms 0 Bathrooms 0 Receptions
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Property features

  • London Prime Investment Opportunity!
  • Gross Dev Value £5,200,000
  • Gross Internal Area 4,251.74 sq ft

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Property details

London Prime Investment Opportunity! Gross Dev Value £5,200,000

We have identified a prime off-market investment opportunity that We believe is highly suitable for you according to your investment criteria.

Executive Summary:
• Freehold Mixed-Use Building with potential to convert into 12 residential units with further potential to provide more units.
• Situated 0.1 mile from the High Street
• Situated just a 0.3 mile from Station.
• Existing dwelling is arranged over lower ground, ground, first and second floors.
• Gross Development Value in the region of £5.2 million (conservative valuation)
• Development Costs expected to be in the region of £1,950,000.
• Freehold
• Guide Price £1,000,000 Subject to Contract

Projected Profit & Loss Statement:
Land at guide price In £
Gross Dev Value £5,200,000
Purchase Price £1,000,000
Stamp Duty £77,250.00
Solicitor Fees £3,500.00
Sourcing Fees 3% plus VAT £36,000.00
Total Purchase Cost: £1,100,750.00
Development Costs £1,949,314.00
Marketing & Sales £52,000.00
Finance Cost - 10% @ 60% LTV £624,000.00
Total Dev Costs Incl Other Costs £2,625,314.00
Total Costs Incl Purchase costs £3,726,064.00
Net Profit before Tax £1,473,936.00
Profit on GDV% 28.34%

Rental Summary:
Exp Annual Rent £275,000.00
Gross Yield 5.29%

OUTLAY: without finance
Total Capital Required: £3,102,064.00
Return On Investment % (24-month project) 47.51%
Annualised Return on Investment: 23.76%

OUTLAY: with finance
Total Capital Required: £606,064.00
Return On Investment % (24-month project) 243.20%
Annualised Return on Investment: 121.60%

Engagement and Fee Structure:

For the avoidance of doubt, I am not retained by the vendor and therefore would need to act for you in the acquisition with my fee of 3% + VAT in line with my property sourcing agreement.

This property presents a rare convergence of location, potential, and profitability. And I believe it offers an exceptional value proposition that aligns with your investment objectives.

Let me know what you think and if you would like more information.

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Contact us on 0208 864 5775 or click the button below to arrange a viewing.
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Please note: This calculator provides estimates only and should not be relied upon for financial decisions.
Loan amounts and criteria will differ across lenders. Your home may be repossessed if you do not keep up repayments on a mortgage.
Please speak to your financial advisor before making any mortgage decisions.
Please note: This calculator provides estimates only and should not be relied upon for financial decisions. The calculation is based on the residential stamp duty rules for a freehold property as described in March 2017.
For a more accurate and current calculation for your specific situation please see the Stamp Duty Land Tax website.
You can also calculate stamp duty using the HMRC calculator.

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Ealing London

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From opening in 2000, DM & Co in Sudbury Hill, Harrow operate on simple, straight forward and open friendly but professional basis only.

Office address

170 Greenford Road,
Sudbury Hill,
Harrow, Middx,
United Kingdom,
HA1 3QX

Tel: 0208 864 5775
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