NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3106
LEASE OPTION
Option Price:
Term:
Option Deposit:
Option Payments (PCM):
Achievable Rent (PCM):
EST. NET PROFIT (PCM):
EST. NET PROFIT (PCM):
YIELD:
£90,000
12 Years
£1
Free
£1350
£1215
£14,580
18%
Hotkey Invest are proud to present this 12 year lease option in Sunderland.
The option to purchase is set over 12 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 2 bedroom flat - Spacious living area, kitchen, 2 bedrooms and family bathroom.
This flat has an achievable rent of £600pcm.
First Floor 3 bedroom flat - Spacious living area , kitchen 3 bedrooms, and family bathroom.
This flat has an achievable rent of £750pcm.
We understand the property needs a refurbishment. The Current achievable rent for this property is around £1350pcm (for both flats).
In order to assist with the refurbishment costs, Hotkey Invest has negotiated no monthly option payments during 12 year term giving you the opportunity to make £194,400 in rental income.
Current 3 bedroom apartment on the market now for £100,000 with a rental income of £750pcm.
please see link below.
https://www.rightmove.co.uk/properties/128031176#/?channel=RES_BUY
Sunderland is a port city and the main settlement of the metropolitan borough of the City of Sunderland in Tyne and Wear, North East England. It is situated at the mouth of the River Wear, approximately 16km (10 miles) south-east of Newcastle upon Tyne and roughly 19km (12 miles) north-east of the City of Durham.
Apartment 1
KEY FEATURES
Ground Floor and
First Floor Apartment
Large properties
12 year Term
No credit checks
No mortgage
Good City links
Apartment 2
FINANCIALS
(based on single family let)
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