Newcastle Upon Tyne, NE15
2 BEDROOM TERRACED HOUSE
OPTION PAYMENTS PCM:
EST. NET PROFIT PCM:
EST. NET PROFIT PA:
* 2 YEAR RENT FREE PERIOD*
Hotkey Invest are proud to present this fantastic 10 year lease option in Newcastle Upon Tyne.
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.
This property has the added benefit of a 2 year rent free period, after this the Monthly options payments will be £120
Please note the financials for this property are based on the 2 year rent free period after this the Monthly option payment of £120 will need to be taken into consideration
This freehold mid terraced property comprises of 2 bedrooms, a kitchen, bathroom and lounge area.
We understand the property is currently untenanted. However we believe once rented out this could be rented out at £525pcm
The property could benefit from a small refurbishment.
Full quotation for renovation works available on request.
Newcastle upon Tyne is a university city on the River Tyne in northeast England. With its twin city, Gateshead, it was a major shipbuilding and manufacturing hub during the Industrial Revolution and is now a centre of business, arts and sciences. Spanning the Tyne, modern Gateshead Millennium Bridge, noted for its unique tilting aperture, is a symbol of the 2 cities.
£1 option Deposit
10 Year Term
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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.