NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3110
LEASE OPTION
Option Price:
Term:
Option Deposit :
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
*12 months Payment free period*
£70,000
10 Years
£1
£200
£511
£6132
14%
Hotkey Invest are proud to present this fantastic 10 year lease option in Hartlepool , County Durham.
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 large 4 bedroom property is displayed over 3 floors. The property comprises 3 double bedrooms and 1 single room. There is a large family bathroom with a separate WC situated between the upper 2 floors. On the ground floor there are 2 very large lounge areas and a large kitchen with its own pantry.
The property is in need of a full refurbishment, a local builder in the area has quoted circa £15,000.
Due to this Hotkey Invest have negotiated a 12 month rent free period.
We believe once the work has been completed the property can achieve circa £780pcm in rental income.
In order to maximise your investment, similar properties in the area have been converted into 3 x 1 bedrooms apartments or utilized as a HMO.
Please see below a full video of the property, speak to a member of our team today for any further assistance.
Hartlepool is a port town and the main administrative center of the Borough of Hartlepool in County Durham, England. The town lies on the North Sea coast, 8 miles north of Middlesbrough and 20 miles south of Sunderland.
KEY FEATURES
10 Year Term
Lease option
14% Yield
Great Location
Freehold
Private Courtyard
A
FINANCIALS
(based on single family let)
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