Leigh-on-Sea – £623k

£623k - Refurbishment

Gross Loan

£623k

Loan Type

Refurbishment

Term

18 Months

LTGDV/LTV

59.1%

Annual Rate

7.50%

Monthly Rate

0.62%

A recent refurbishment loan was successfully completed for a property in Leigh-on-Sea. The existing site comprises of a two-storey corner building with ground and first-floor levels, currently used as a commercial unit/office space. The project will convert the space into two 2-bedroom flats, with the possibility of adding a third unit through a vertical extension, depending on planning approval and additional funding.

The client plans to sell the units, which will mainly appeal to owner-occupiers due to the excellent transport and commuting options available in the area.

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