NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3212
LEASE OPTION
Option Price:
Term:
Discount:
Option Deposit:
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£47,038
12 Years
31%
£3500
£98
£142
£1704
11%
Hotkey Invest are proud to present this 12 year lease option in Nottingham.
The option to purchase is set over 12 years, which allows you to secure the property 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 stylist property was newly built in 2008 with a stylish fitted kitchen and abundant living space. The property comprises of 1 bedroom, fitted kitchen appliances, bathroom and large living space.
The property has recently had all electrics updated to comply with the electric safety installation guidelines.
The property is fully tenanted to long term tenants paying £350PCM however after speaking with a local estate agent this could be increased to £450pcm.
The current estimated market value for similar properties in the area is CIRCA £68,000 giving you a 31% discount on the option price.
The property is situated close to a wealth of local shops and amenities both offering a wide variety of services and also offers easy access to many major road links A38 & M1 (junc 27/28).
Please note the service charge is £75pcm.
KEY FEATURES
1 Bedroom
985 Years on the Lease
Fantastic transport links
City Links
Beautiful Development
Landscaped Gardens
No Mortgage required
FINANCIALS
(based on single family let)
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