NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3186
LEASE OPTION
Option Price:
Term:
Option Deposit :
Option Payments:
Tenanted:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
*12 months rent free period*
£30,000
7 Years
£1
£100
No
£230
£2760
15%
Hotkey Invest are proud to present this 2 bedroom property on a 7 year lease option in Bishop Auckland.
The option to purchase is set over 7 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.
Hotkey Invest may have the option to increase the term on this property please ask a member of our team for more information.
Situated in Bishop Auckland , the property is in prime location to nearby cities Middlesbrough, Durham and Newcastle Upon Tyne from as as little as a 15 mile drive.
This single family let comprises 2 bedrooms, kitchen, living area and a bathroom the property also has access to a large garden surrounding the property.
The property is in need of a full refurbishment and has been taken back to brick.
This has been made secured and all entrances have been bricked up to prevent vandalism.
Viewings are available on the property however you will need a builder to gain access.
Hotkey Invest have negotiated a 12 months payment free period to assist with the refurbishment costs.
We believe the property can be let for £375pcm when the work has been carried out.
For more information please speak to a member of the Hotkey Invest team.
KEY FEATURES
2 Bedrooms
Good City Links
Fantastic transport links
Fully Assignable
Private Garden
15% Yield
Freehold
FINANCIALS
(based on single family let)
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