let ham hill road investment brochure mip

8/8/2019 Let Ham Hill Road Investment Brochure MIP

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Mark I'Anson Property Ltd

t: 08456 434 595

e: [email protected]

w: www.markianson.com

a: Towcester, Northant

facebook page: http://profile.to/markiansonproperty

£17,500 Instant Equity and Cash Flow of £243 pm

3 Bed Apartment 25% BMV

Packaged Property Deals, Leaving you time for more important things.

Mark IAnson Property Ltd ©2010

13/09/2010 Company No. 6904652 VAT Reg. No. 972 0307 35



www.markianson.com Page | 2

MISREPRESENTATION ACT 1967 NOTICE: Mark IAnson Property Ltd for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particular

as a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use i n occupation are made without responsibility on the part o

the Mark IAnson Property Ltd or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the

service, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of thes

particulars. 5) The Vendors and Lessors do not make or give and neither the Mark IAnson Property Ltd nor any persons in their employment has any authority to make or give any representation or warranty whatsoever i

relations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or othe

expenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Property Details - 103d Lethamhill Rd, Glasgow, G33 2SF

Accommodation comprises of:

Kitchen, Lounge, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom

Stru

ctur

e of deal:

Market value £70,000 Investor price £52,500 Discount from market value 25% Purchase price on contract will be full Market

Value price Estimated rent £450 pm Rental yield of 10.2% 75% LTV Mortgage available subject to status 25% deposit provided through bridging facility

Investor to use recommended solicitor Lettings and management service available

Financial details:

Based on 75% LTV 5.0% interest rate. 2 year tracker

Loan amount of £54,075 (including 3.0% arrangement fee) Monthly payments based on 5.0% interest rate of £225 Rental income of £450 pm Cash positive rental income of £225 pm











Photos











Gross Price £70,000

Discount 25%

Net Price £52,500 Instant Equity - £17,500

Mortgage £ 225PCM

Rent £450 PCM

Cashflow £225 PCM

Per Annum Cashflow £2,700Based on mortgage rate of 5% - rates may vary

Brief Property Details

Property Type: 3 Bed Apartment (4th

Floor)

Age of Property: 1920s

Freehold or Leasehold? Freehold

Bedrooms: Three

Bathrooms/toilets: One

Reception rooms: One

Garden: No

Garage: No

Number of off-road parking

spaces:Street Parking non allocated

Central Heating: Central Heating & Double Glazing

Condition: Excellent Order











Property Information

Number of Bedrooms 3

Type of Property i.e. Terrace/Semi-

Detached/Flat Apartment

How many floors does the building have? Four

What floor is the flat on? Fourth

Are there any commercial units below? If

Yes what type? Office, fast food, general

shop?

No

Freehold or Leasehold Freehold

Length Remaining on Lease n/a

What type of heating does the property

have? Gas Central Heating or Electric

Storage Electric storage

Does the property have Double Glazing?Are they uPVC/Aluminium/Wooden? Uvpc

Approx age of Double Glazing & Condition? Age unknown. Good condition

How long has the owner owned the

property? 6 months

Is there Parking?Garage/ On or Off Street? Street Parking, non allocated

Is the Property currently Owner Occupier? No

Does / Can the seller Complete in 6 weeks? Yes

Agent Involved or Direct with Vendor? Direct

Is the property currently being marketed

elsewhere i.e. Rightmove etc No











Is there a HIPS in place? No

Do you have a copy of the EPC? No

Is the property tenanted? If so, how muchdo they pay monthly? No

Area

Windows & Doors Good

Roof / Gutter Good

Hallway Good

Living Room Good

Stairs & Landing good

Kitchen Good

Kitchen - What is included in the sale? i.e.Oven/hob/extractor? Fixed units, as new condition

Bedroom 1 Good

Bedroom 2 Good

Bedroom 3 Good

Main Bathroom Good, as new











Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be low income larger families

living in semis. These are known as type 44 in the ACORN classification and 3.04% of the UK's

population live in this type.

The Black Country and South Yorkshire are the main places for these communities, although

they generally crop up in most urban areas. Towns such as Doncaster, Barnsley, Dudley,

Wrexham, and Ballymoney are typical.

These families tend to live in reasonably large council properties.

Incomes are below average with nearly a third of families earning less than £10,000.

Unemployment is higher than average. Work is typically routine, in a factory or some other

manual occupation. Jobs reflect the general lack of educational qualifications.

Households tend to be families with a number of school age children. Over 10% are single

parent families. Home to these families will often be a three bedroom semi-detached property

rented from the local council or housing association.

The lottery, football pools and bingo may offer the hope of wealth. Since money is tight, the

payment facilities offered by catalogue shopping are an attraction in these areas. People with

a car will own a low value second hand vehicle.

Shopping may be done in Morrisons or Kwik Save, and holidays may well be to a caravan park

or a camp site.

Few leisure activities seem affordable. Angling is popular and people will spend time listening

to music or watching television. The newspaper is generally a tabloid.











Area











Sale Comparables (within 1 mile)











Rental Comparables (within 1 mile)











Finance

We have Mortgage Brokers and solicitors in place.

Once you have DIP we will instruct valuation to be carried out.

£1,000 reservation fee, balance on successful valuation. No hidden costs

The amount of £2,995+vat includes all introduction fees, legal, valuation, broker

and closing fees.

Summary

Reservation fee - £1,000+vat

Total cost to investor £2,995+vat

To avoid missing out, reserve quickly.

The Opportunity

y Investment Features

y Fees and buying process

25% BRV (below RICS Valuation)

This means that whatever the valuation comes in at you will receive a 25% discount off that

valuation. A recent RICS valuation has been carried out at £68,000 with a rental valuation of £375 per month: 28

thJuly 2010

Investment Features

y 25% off the RICS valuation.

y Positive cash flow.

y An excellent portfolio of properties in areas where renting is the norm.

y Rental Management Company in place to manage the properties.

y Completion within approx 4-8 weeks.y Fully managed completion service.











Fees & Buying Process

y

Investor agrees to purchase.y Professional fees invoiced by Mark IAnson Property Ltd. cc Agent.

y Professional fees paid by investor (bank transfer), reservation form signed & returned

by post.

y Investor contacted by mortgage broker to achieve decision in principle from the

lending bank.

y Mortgage forms returned by investor.

y Once successful, solicitors notified and contact investor.

y Surveyors instructed to carry out valuation.

y Investors solicitors work towards exchange and completion.

Should investor not be accepted for finance, unsuccessful DIP a second choice investor to be informed of option to

purchase.



Mark IAnson Property Ltd Terms and Conditions Policy

1 Definitions

a) The following definitions will apply to terms used

throughout this document unless the context in which a

term is used implies a meaning that is different to the

definition provided.

Mark IAnson

Property Ltd

Mark IAnson Property Ltd, affiliates, officers,

employees, agents, contractors, successors and

assigns.

Reservation

Request

An application made by or on behalf of a company,

entity, group or individual.

ReservationA prior right of purchase granted to a company,

entity, group or individual

PurchaserThe company, entity, group or individual being

introduced to a property vendors solicitor

Administration

Fee

A fee payable by the Purchaser due in respect of

the introduction of the vendors solicitor.

Reservation

Fee

A fee payable immediately by the Purchaser in

order to secure a Reservation.

Assessment

Period

A period of five full working days from the date a

Reservation fee has been paid by the Purchaser.

2 General Terms and Conditions

a) The Purchaser must have read and understood the

Reservation Form and read, understood and agreed to both

the disclaimer and the terms and conditions of the

Reservation Form before conducting any business with Mark

IAnson Property Ltd. If you are unsure about any terms,

please e-mail Mark IAnson Property Ltd for further

clarification.

b) By completing a Reservation Request and paying a

Reservation Deposit, it will be implied that you are agreeing

to the terms and conditions outlined in the Reservation

Agreement.

c) Most of the introductions offered by Mark IAnson Property

Ltd are subject to adherence with a strict payment and

contractual schedule. Failure to comply with the terms of

the stipulated schedule will invalidate the introduction and

lead to loss of monies paid. Therefore, please do not

proceed with any introduction or pay any monies out unless

you are in a position to comply with the stipulated schedule.

d) Mark IAnson Property Ltd can accept payment via banktransfer, credit card, debit card or cheque. Mark IAnson

Property Ltd is unable to accept payment by cash or bankers

draft.

3 Reservation Procedure

a) Reservation of an introduction grants to the Purchaser a

prior right of purchase. To reserve an introduction, the

Purchaser must pay a Reservation Fee, which consists of two

elements. The amount is stated on all marketing details and

is variable by vendor. The first element is non refundable

but is credited towards the introduction. The second

element is refundable should the vendor withdraw from the

sale.

b) The Purchaser must be ready to complete within 28 days of

the Reservation being confirmed unless stated or agreed

otherwise. A Reservation is not confirmed until the

Purchaser has been notified in writing by Mark IAnson

Property Ltd and the agreed Reservation and Administration

Fees have been paid by the Purchaser.

c) The Purchaser will be notified of the full address of the

vendor only when the agreed Reservation and

Administration Fees have been received by Mark IAnsonProperty Ltd. Upon receipt of the agreed Reservation and

Administration Fees the Purchaser will be granted an

Assessment Period of five working days during which time

the Purchaser may complete any due diligence and must be

satisfied that the introduction is sufficient and appropriate

for purpose. If the Purchaser wishes to withdraw from the

purchase during the Assessment Period, the Purchaser must

notify Mark IAnson Property Ltd in writing immediately. The

agreed Reservation and Administration Fees (less the

secondary element of the Reservation Fee of £500) will be

refunded in this event. Following the Assessment Period, i

the purchaser chooses to withdraw from the purchase no

refund will be given

The Administration Fee is non refundable except where the

vendor withdraws from the sale

No interest shall accrue to the Purchaser in the event of arefund of the Administration Fee.

d) Mark IAnson Property Ltd does not accept responsibility for

any expenses or losses incurred by the purchaser in any

event including if the introduction fails to achieve a

valuation sufficient to that given in the promotion. Expenses

and losses include but are not limited to valuation fees,

broker fees, legal fees and research fees.

e) The purchaser is responsible for performing his/her own due

diligence in order to determine the introductions value and

suitability before accepting the terms and is given five

working days for this purpose. Should a vendor withdraw

from the sale, a suitable replacement property will be

presented.

f) Unless stated or agreed otherwise, it is a condition of theReservation that the Purchaser completes the purchase

using a solicitor and/or a mortgage advisor nominated or

approved by Mark IAnson Property Ltd. If a situation occurs

where more than one applicant requests to reserve the

same property, the property will be allocated to a single

purchaser at the discretion of Mark IAnson Property Ltd

The decision to allocate an introduction to a particular

purchaser will be based on the merit of each applicants

request and perceived likelihood that the purchase wil

continue to completion. Mark IAnson Property Ltd wil

notify unsuccessful applicants either in writing (electronic o

otherwise) or by telephone. The decision of Mark IAnson

Property Ltd is final.

4 Disclosure of Information

a) Each party acknowledges and agrees that any information

relating to the other party's business which is not generally

known to the public is confidential and proprietary

information.

b) The purchaser agrees not to disclose the details of the

vendor without prior written agreement from Mark IAnson

Property Ltd.

c) The Purchaser agrees not to disclose the details of the

sourcing company to third parties without prior written

agreement from Mark IAnson Property Ltd, or to use the











services of the sourcing company again without the

engagement of Mark IAnson Property Ltd.

5 Disclaimer

a) Mark IAnson Property Ltd is neither a licensed investment advisor

nor a licensed estate agent. Mark IAnson Property Ltd is not

authorised by the Financial Services Authority to provide

investment or financial advice.

b) The information on the website an in any other materials

presented by Mark IAnson Property Ltd is neither intended to be,

nor should be construed as, an invitation or inducement (direct or

indirect) to any person to engage in investment activities.

c) Every reasonable effort has been made by Mark IAnson Property

Ltd to ensure the accuracy of the information displayed on the

website and in any other materials presented by Mark IAnson

Property Ltd. whilst believed to be accurate, the information

provided is for guidance only. Mark IAnson Property Ltd makes

no representation and gives no warranties as to the accuracy of

the information provided and accepts no liability for any errors,

misprints or omissions (whether negligent or otherwise).

d) The Purchaser should not rely on the information or

representations of fact, but must satisfy himself through his

solicitor and by physical inspection in question or otherwise as to

their accuracy.

e) No person in the employ of Mark IAnson Property Ltd has the

authority to make or give any representation or warranty in

relation to the introductions. Mark IAnson Property Ltd shall not

be liable for any loss or damage whatsoever arising as a result of

any person acting or failing to act upon information provided.

f) Mark IAnson Property Ltd displays information about

introductions on behalf of third-parties for whom Mark IAnson

Property Ltd is either an agent or representative, and is therefore

not responsible for the validity of the details relating to

introductions shown.

g) Any areas, measurements or distances are approximate only. Any

text, photographs and plans are for guidance only and are not

necessarily comprehensive.

h) It should not be assumed that each introduction has all necessary

planning, building regulations or other consents.

i) For all introductions, it should not be assumed that Mark IAnson

Property Ltd has tested any services, equipment or facilities, and

the purchaser must satisfy himself by inspection or otherwise.

j) All off-plan particulars are prepared from preliminary plans and

specifications before the completion of each introduction and are

intended only as a guide. These may be changed during

construction and final finishes could vary. The purchaser should

not rely on this information and wherever possible, should

instruct a solicitor to check the plans and specifications before

exchanging contracts.

k) Mark IAnson Property Ltd is not responsible for future changes in

the market or market conditions. Past performance is not a guide

to future performance. The value can go up as well as down.

l) Mortgage applications are subject to individual status. Guarantee

cannot be made that any particular applicant will obtain a

mortgage on the investments or the value of the mortgage they

will be able to obtain.

m) Guarantees cannot be made on the resale.

6 Governing Law

a) This Agreement shall be governed by and construed in

accordance with the substantive laws of the UK and theEuropean Union.

Copyright Notice WarningThis site comprises and contains copyrighted materials.

YOU MAY NOT DISTRIBUTE, COPY, PUBLISH OR USE THE IMAGES OR

ANY PART OF THE IMAGES IN ANY WAY WITHOUT EXPRESS

PERMISSION OF THE COPYRIGHT HOLDER. YOU MAY NOT ALTER,

MANIPULATE, ANY PART OF AN IMAGE WITHOUT CONSENT.

Copyright for all images remains with Mark IAnson Prope rty Ltd..

Al enquiries rega rding use of and purchasing prints and image use rights must be directed to the Copyrigh

holde r.

All rights rese rved. All images included herein this publication are the copyright and prope rty of Mar

IAnson Prope rty Ltd. All images and text are copyright in accordance with the terms of the Unite

Kingdom's Copyright, Designs and Patent Act 1988 , and are protected unde r the United Kingdom Copyright

Designs and Patent Act 1998, and international copyright laws and treaties. These laws impose substantia

penalties for inf ringement, and violators will be prosecuted to the f ull extent of the law.

The use of any images or other materials included herein, in whole or in part, for any purpose other than fo

the private purpose of the user, including, but not limited to, copying, rep roduction, publication (includin

on Internet Web Site including third pa rty web pages by any means, including "hotlinking", storage in

retrieval system (other than internet browser), manipulation (digital or otherwise), or transmitted in an

form or by any means, electronic, mechanical, photocopying, reco rding or otherwise, is expressly prohibite

without the written permission of Mark IAnson Prope rty Ltd. All artistic and moral rights of the author ar

he reby asserted.

let ham hill road investment brochure mip

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