NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3209
LEASE OPTION
Option Price:
Term:
Option Deposit :
Option Payments:
Tenanted:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£47,000
10 Years
£1
£0
No
£360
£4320
10%
Hotkey Invest are proud to present this 2 bedroom property on a 10 year lease option in Bishop Auckland.
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.
Hotkey Invest have negotiated no monthly option payments to be paid during the term giving your the opportunity to make £48,000 in rental income.
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 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.
The property is in need of modernization, a local builder in the area has quoted circa £14,000 for the works.
We believe the property can be let for at least £400pcm when the work has been carried out.
For more information please speak to a member of the Hotkey Invest team.
Videos available upon request.
KEY FEATURES
2 Bedrooms
Good City Links
Fantastic transport links
Fully Assignable
Private courtyard
10% Yield
Freehold
FINANCIALS
(based on single family let)
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