NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE

REF_HKI3157

LEASE OPTION

Option Price:
Estimated Discount:
Term:
Option Deposit (Direct to Vendor):
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£81,500
9%
10 Years
£1,301
£420
£384
£4,609
13%
Hotkey Invest are proud to present this opportunity to acquire 2 properties on a 10 year lease option in County Durham.
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 long term tenants. Property number 2 requires a small refurbishment.
We estimate this mini portfolio has an estimated discount of 16% compared to current market prices.
Property 1 (DL14)
3 Bedroom terraced property with large living area, kitchen and family bathroom
Option Price £36,500
Option Deposit to Vendor - £1300
Tenanted - paying £400pcm we believe this could be raised to at least £425
Property 2 (DL17)
3 bedroom terraced property, family living room, Kitchen, bathroom and private courtyard.
Option Price - £45,000
Option Deposit to Vendor - £1
Refurbishment estimate- £7900
Rental Income after refurbishment - £449pcm
More Pictures to follow.
For more information please speak to a member of the Hotkey Invest team.
County Durham is a ceremonial county in North East England. The county town is the city of Durham. The ceremonial county spawned from the historic County Palatine of Durham in 1853. The largest settlement is Darlington, followed by Hartlepool and Stockton-on-Tees.
KEY FEATURES
2 properties
2 x 3 Bedrooms
Good City Links
13% Yield
Fantastic transport links
Fully Assignable
Private courtyard
9% Discount
DUE DILIGENCE
COUNTY DURHAM
Property 1

Property 2
FINANCIALS
(based on single family let)

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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