REF_HKI3076

LEASE OPTION

Mansfield, NG20
1 Bedroom Apartment

NO LONGER AVAILABLE

OPTION PRICE:

OPTION PAYMENTS PCM:

OPTION DEPOSIT:

TERM:

EST. NET PROFIT PCM:

EST. NET PROFIT PA:

YIELD:

£52,270

£120

£2,500

13 Years

£248

£2,976

9%

Hotkey Invest are proud to present this fantastic 13 year lease option located in Mansfield near Nottingham.

The option to purchase is set over 13 years,  which allows you to secure the property at todays option price without finance for the option term. This enables you to benefit from potential capital growth as well as surplus rental income during the term. 

We understand the property would benefit from a light refurbishment. On estimate we think this property could achieve around £400 pcm in rental income once the refurbishment has been completed. The property is currently tenanted. 

The option deposit is £2,500 which will be deducted from the overall purchase price at the time of purchase. 

Mansfield is a market town in Nottinghamshire, England, the main town in the District of Mansfield and Mansfield Urban Area. Mansfield gained the Royal Charter of a market town in 1227. The town lies in the Maun Valley, 12 miles (19 km) north of Nottingham, and is near Sutton-in-Ashfield. Most of the 106,556 population live within the town proper (including Mansfield Woodhouse), with Market Warsop as a secondary centre.

*Ground Rent: £10 Annually 

*Service Charge: £93 Annually

 

KEY FEATURES

 

Leasehold

Tenanted

Close to local amenities

Great Location 

1 Double Bedroom

13 Year Term

108 Years Remaining On Lease 

DUE DILIGENCE

MANSFIELD

FINANCIALS

HKI3076- calcs new figures.PNG

We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer

Hotkey Invest
An experienced and dynamic investment house
here to help you develop your
property investment strategy.
Hotkey Invest,
4 High Street, Wem, Shrewsbury, SY4 5AA
DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.
 
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