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Commercial for sale Market Street, Newtown

Asking price

£295,000

Added two days ago

Type: Commercial
Tenure: Ask agent

Key features

• - Detached commercial property
• - Primed for mixed-use conversion subject to planning consent
• - Private, spacious carpark to the rear
• - Successfully let as offices and retail
• - Prominent position close to the Post Office.
• - CEPC D (95). Exp 28.4.2027.

About this property

A unique opportunity to acquire a detached commercial premises, located in a prominent position on Market Street. Set over three floors, the accommodation is primed for further conversion into residential units whilst retaining a retail element on the ground floor (subject to the necessary permissions). The office accommodation has been successfully let by the current owners.

Floorplan

Council tax

Ask agent

Location

Market Street, Newtown

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Mortgage and stamp duty

Property price £295,000

£147k £443k

Deposit10% £30,000

£0 £295k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £265,000 mortgage. Most lenders would want a household income of about £59,000 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.