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REF_HKI3110

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LEASE OPTION  

HARTLEPOOL, TS26
4 BEDROOM TERRACED PROPERTY 
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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.

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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.

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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. 

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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. 

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We believe once the work has been completed the property can achieve circa £780pcm in rental income. 

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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.

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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.

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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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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

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Hotkey Invest
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Hotkey Invest's Registered office,
44-46 High Street, Wem, Shrewsbury, SY4 5DG
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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