140 – 142 wh t t l142 whetstone lane · 140 – 142 wh t t l142 whetstone lane birkenhead, ch41...
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Investment Opportunity From Whitedrake
140 142 Wh t t L140 – 142 Whetstone LaneBirkenhead, CH41 2TQ
10 x 1 bed apartments, with parking Discount circa 20% - see financials
Whitedrake
p , p g2 x 1 bed apartments, without parking 10.5% Rental yield
Financials
Units 1 - 12, 140 - 142 Whetstone Lane, Birkenhead, CH41 2TQ
Apt No Floor Aspect Beds ParkingSq
Footage List PriceDiscount Equity £s Net to Inv Rent Yield
1 Ground Front 1 Y 430 £55 000 £11 500 £43 500 £395 10.90%1 Ground Front 1 Y 430 £55,000 £11,500 £43,500 £395 10.90%2 Ground Rear 1 Y 407 £55,000 £11,500 £43,500 £395 10.90%3 Ground Front 1 Y 430 £55,000 £11,500 £43,500 £395 10.90%4 Ground Rear 1 Y 407 £55,000 £11,500 £43,500 £395 10.90%5 First Front 1 Y 397 £55,000 £11,500 £43,500 £375 10.34%,6 First Rear 1 Y 430 £55,000 £11,500 £43,500 £375 10.34%7 First Front 1 Y 430 £55,000 £11,500 £43,500 £375 10.34%8 First Rear 1 Y 397 £55,000 £11,500 £43,500 £395 10.90%9 Second Front 1 Y 430 £55,000 £11,500 £43,500 £395 10.90%10 Second Rear 1 Y 397 £55,000 £11,500 £43,500 £395 10.90%11 Second Front 1 N 430 £52,000 £9,500 £42,500 £375 10.59%12 Second Rear 1 N 397 £52,000 £9,500 £42,500 £375 10.59%
O Vi i t i t d d f l l ti d h ld t b li d h Th i i th di f
These units are tenanted at £375 pcm
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Our Views on price are not intended as a formal valuation and should not be relied upon as such. They are given in the ordinary course of our business. No liability is given to any third party and the figures suggested
Executive summary
Building typeLease
Tenanted
Grade II Listed125 yearsRefurbished now ready for occupation
Date of constructionRoof
Roof coveringGarages
Refurbished now ready for occupationCirca 1880PitchedSlateNGarages
Off street parkingElectricity
Gas
NoYes- marked out at rear for 10 vehiclesMainsMains
WaterDrainage
Heating fuelType
MainsMainsGasRadiatorsType
Ground rentService charge
Radiators£395 pa£600 pa
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Surveying Services
4.2 Tenure Assumptions4.2.1 Tenure
4.2.2 Unexpired Lease
4.2.3 Ground Rent £
4.2.4 Service Charge £
4.2.5 Possession
4.3 Property Description4.3.1 Property Type
4.3.2 Property Style
4.3.3 If the property is a flat Number of flats inblock
ofFloor
Is there non-residential use in the block
Description of non-residentialuse
4.4 Approximate date of original construction
4.5 Locality4.5.1 Character
4.5.2 Nearby Property Types
4.5.3 Amenities
4.5.4 Conservation Area
4.6 Highway
4.6.1 Access
4.6.2 Rights of Way
4.7 Property Construction4.7.1 Main Wall Type
4.7.2 Main Wall Finish
Leasehold
125 years
Not applicable
Not known
Vacant Possession
Flat
Converted
1 4 12
Not applicable
1900
Suburb
Mainly residential.
Close to local amenities
Not to the best of our knowledge
Made up road
None noted
Solid
Brick
140-142 Whetstone Lane Birkenhead CH41 2TQCS425 Issue 04 March 2012 Page 2 of 8
Surveying Services
4.7.3 Main Roof Type
4.7.4 Main Roof Covering
4.7.5 Significant variation frommain construction
4.8 Accommodation4.8.1 Internal Floors Living Rooms Bedrooms
Kitchens Bathrooms Separate WCs
Conservatories Utility Rooms Other Rooms
4.8.2 Gardens Front Side Rear
4.8.3 Garages
4.8.4 Off street parking
4.8.5 Permanent Outbuildings
4.9 Approximate Gross External Floor Area
4.10 Services4.10.1 Electricity
4.10.2 Gas
4.10.3 Water
4.10.4 Drainage
4.11 Central Heating4.11.1 System
4.11.2 Fuel
4.11.3 Type
4.12 General Condition
Pitched
Natural Slate
No significant variations.
1 1 1
1 1 0
0 0 0
No No No
0
No
No
50 m2
Mains
Mains
Mains
Mains
Full
Gas
Radiators
Average for type and age
140-142 Whetstone Lane Birkenhead CH41 2TQCS425 Issue 04 March 2012 Page 3 of 8
Surveying Services
4.13 Additional Comments
5. Capital Valuation5.1 Basis of Valuation
5.2 Method of Valuation
5.3 Market Value5.3.1 Market Value in present condition £
5.3.2 Market Value assumingany works specifiedin Section 4.13 have beencompleted satisfactorily
£
5.4 Projected Market Value
5.4.1 Projected Market Value £
5.4.2 Specified Marketing Period
6 Rental Valuation6.1 Basis of Valuation
6.2 Method of Valuation
6.3 Rental Value per calendar month £
7 Insurance7.1 Assessment of building reinstatement
cost for insurance purposes£
The property has not been completed and the valuation is based on the site inspectionand information provided.It should be appreciated that the valuation provided is for the property as 'new'.It is possible that the valuation figure may not be subsequently attainable on resaleas a second-hand property, especially if comparable new property is on offer at thesame time.No information regarding disclosed sales incentives was available at the time ofinspection, and the valuation is based on the understanding that no sales incentivesare offered on this property. This should be confirmed by the lender’s legal adviserin accordance with the CML Handbook.The lease has not been inspected and it is assumed it does not contain onerousprovisions which would adversely affect valuation. (Continued)
Market value
The Comparison Method.
50,000Fifty Thousand Pounds
Not applicableNot applicable
Not requested by client
Not applicable
Not applicable
Not applicable
Not requested by client
63,000
140-142 Whetstone Lane Birkenhead CH41 2TQCS425 Issue 04 March 2012 Page 4 of 8
Street view
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Access to private parking area
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Internal images
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Walled garden
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Location
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Location
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Satellite view
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Site views
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Comparables
Valuations from Countrywide & Borran Shaw
Rightmove.co.uk comparables as of 26th November 2012
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Floor plan – Apt 1
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Floor plans – Apt 2
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Floor plan – Apt 3
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Floor plan – Apt 4
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Floor plan – Apt 5
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Floor plan – Apt 6
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Floor plan – Apt 7
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Floor plan – Apt 8
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Floor plan – Apt 9
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Floor plan – Apt 10
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Floor plan – Apt 11
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Floor plan – Apt 12
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Whitedrake disclaimer
1. They are not authorized to make or give any representations or warranties in relation toey a e o au o ed o a e o g e a y ep ese a o s o a a es e a o othe property either here or elsewhere, either on their own behalf or on behalf of their clientor otherwise. They assume no responsibility for any statement that may be made in theseparticulars. These particulars do not form part of any offer or contract and must not berelied upon as statements or representations of fact.p p
2. Any areas, measurements or distances are approximate.The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, p p p y y p g,building regulation or other consents and Whitedrake have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. These particulars were prepared from preliminary plans and specifications before the p p p p y p pcompletion of the properties and are intended only as a guide. They may have been changed during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the plans and specification attached to their contract.
4. The reference to any mechanical or electrical equipment or other facilities at theproperty shall not constitute a representation (unless otherwise stated) as to its state orcondition or that it is capable of fulfilling its intended function and prospective purchasers /
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p g p p ptenants should satisfy themselves as to the fitness of such equipment for theirrequirements.
Contact
Sarah [email protected]
Contact nameEmail address @
01932 86680007983 72194101932 596843
Office NoMobile
Fax
Whitedrake, Coveham House, Downside Bridge Road, Cobham, Surrey, KT11 3EP
Company address
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