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REF_HKI3193

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LEASE OPTION  

BISHOP AUCKLAND
2 BEDROOM MID TERRACED PROPERTY 
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Option Price:

Term:

Option Deposit:

Option Payments:

Estimated monthly profit:

Estimated profit PA:

Yield:

* 12 Months No Monthly Option Payments*

£36,000

9 Years

£1

£210

£236

£2826

17%

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Hotkey Invest are proud to present this 2 bedroom property on a 9 year lease option in Bishop Auckland.

 

The option to purchase is set over 9 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.

 

This single family let comprises 2 bedrooms and fitted bathroom suite to the first floor. The ground floor has a fitted kitchen and large lounge.

The property also has access to a private courtyard to the rear.

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The property is in need of some refurbishment after the current tenants vacating recently, we have been advised by a local builder in the area this will be circa £7000 to include
Empty contents 3 skips
Redecorating 
New flooring 
Internal doors 
External door
Plaster patching
Electrical works 
General repairs 
Deep clean 

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To Assist with the cost of refurbishment hotkey invest have negotiated for no monthly option payments to be paid for the first 12 months. 

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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.

The Property has recently undergone a large refurbishment and now has tenants in place. 

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

 

KEY FEATURES

 

9 Year Term

12 Months payment free 

Lease option 

17% Yield

Great Location

Freehold

Private Courtyard  

 Potentially 28% BMV 

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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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