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Property for sale High Street, Carshalton

Asking price

£700,000

Added two days ago

Size: £269 per sq ft
Tenure: Freehold

About this property

A rare opportunity to acquire a commercial freehold investment in this prominent High Street position, in the historic village-like centre of Carshalton. The property extends to in excess of 2,600 sq. ft and is currently fully let to a single tenant providing a gross rental income of £48,000, at present providing a yield of 6.

Floorplan

Council tax

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Location

High Street, Carshalton

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Mortgage and stamp duty

Property price £700,000

£350k £1.1m

Deposit10% £70,000

£0 £700k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £630,000 mortgage. Most lenders would want a household income of about £140,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.