1685 - Isleworth, Middlesex

Case studies - 1685 - Isleworth, Middlesex

The client is purchasing a vacant building that is arranged as a restaurant on the ground floor with a six room HMO on the upper two floors. The loan required was on a first charge commercial basis for £525,000.

Planning has been granted for rear extensions to the first floor and rearrangement to two studio units. The client intends to submit planning for a two bedroom mews house to the rear. His exit strategy is refinancing. 

There is good precedent for this being a number of neighbouring properties having already completed mews houses along Pembroke Place. With an LTV of 70% and a rate of 1.00% per month this loan is against a robust security with good added value opportunities.

Have something to add?

We would love to hear your thoughts. Submit your comments here:

Signup to our newsletter

Receive TAB Lending and TAB Property investment alerts and keep up to date with TAB.

Please select all that apply.

TAB awards