REF_HKI3087

LEASE OPTION

Bedlington, NE22
1 BEDROOM & 2 BEDROOM FLAT 

Option Price:

Term:

Option Deposit:

Option Payments:

Achievable Rent (PCM):

NET Profit (PCM):

£45,000

10 Years

£1

£300

£735

£347

Hotkey Invest are proud to present this 10 year lease option in Bedlington. 

The option to purchase is set over 10 years, which allows you to secure the property at today’s 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.

The property comprises;

Ground Floor 1 bedroom flat - Spacious living area, kitchen, 1 double bedroom and family bathroom.

This flat has an achievable rent of £340 pcm. 

First Floor 2 bedroom flat - Open plan living area, kitchen, 1 double bedroom, further single bedroom and family bathroom.

This flat has an achievable rent of £395 pcm. 

The freehold of the property is included within the purchase. 

We understand the property needs a refurbishment of around £20,000, which will then have an achievable rent of around £735 (for both flats).

Bedlington is a town in Northumberland, England, with a population of 18,470 measured at the 2011 Census. Bedlington is an ancient market town, with a rich history of industry and innovative residents. Located roughly 10 miles north east of Newcastle and Newcastle Airport, Bedlington is roughly 10 minutes from the A1 motorway, situated in South East Northumberland. Other nearby places include Morpeth to the North West, Ashington to the North East, Blyth to the East and Cramlington to the South.

 

KEY FEATURES

 

Ground Floor & First Floor Flat

Freehold Included 

Close to local amenities

10 year Term 

Huge Potential 

DUE DILIGENCE

BEDLINGTON

FINANCIALS

(based on single family let)

HKI3087_Calc.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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