REF_HKI3156

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LEASE OPTION

SUNDERLAND
2 X 2 BEDROOM HOUSES 
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Option Price:

Term:

Option Deposit (Direct to Vendor):

Option Payments:

NET Profit (PCM):

EST. NET PROFIT PA: 

£77,000

10 Years

£2,600

£420

£369

£4,432

Hotkey Invest are proud to present this opportunity to acquire 2 properties on a 10 year lease option in Horden, Sunderland. 

The option to purchase is set over 10 years, which allows you to secure the properties 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.​

Property number 1 is tenanted with a long term tenants. Property number 2 requires a small refurbishment. 

Property 1 - 2 Bedroom terraced property with large living area, kitchen and family bathroom 

Option Price £44,000

Option Deposit to Vendor - £1300

Tenanted - paying £425pcm

Property 2 - 2 bedroom terraced property, family living room, Kitchen, bathroom and private courtyard.

Option Price - £33,000

Option Deposit to Vendor - £1300

Refurbishment estimate- £5115

Rental Income after refurbishment - £433pcm

Pictures to follow.

For more information please speak to a member of the Hotkey Invest team.

Horden is a village and electoral ward in County Durham, England. It is situated on the North Sea coast, to the east of Peterlee, approximately 12 miles south of Sunderland. Horden was a mining village until the closure of the Horden Colliery in 1987

 

KEY FEATURES

 

2 properties  

2 x 2 Bedrooms 

Good City Links 

Fantastic transport links 

Fully Assignable

Private courtyard 

Property 1 

FINANCIALS

(based on single family let)

Financials - HKI3156.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

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Hotkey Invest
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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.