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REF_HKI3226

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LEASE OPTION  

CLEETHORPES
3 BEDROOM MID TERRACED PROPERTY 
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Option Price:

Market Value: 

Discount:

Term:

Option Deposit :

Option Payments:

Rental income (SFL):

Rental income (SA):

£100,000

£125,000

20%

7 Years

£2500

£620

£575

£150 PN

Hotkey Invest are proud to present this fantastic 3 bedroom property in Cleethorpes, Grimsby.

The option to purchase is set over 7 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.

This property is just a moments walk from the beach, and situated in the main center with walking distance to local amenities.

Comprising of 2 double bedrooms and 1 single, a family living room, separate dining room and kitchen area. It also benefits from a private garden and on street parking.

The property is currently being utilized as a single family let paying £575pcm, we do believe this could be due a rental increase to bring it in line with the current rental market of CIRCA £625-650pcm

The property has been valued at CIRCA £125,000 giving you a 20% discount on the option price. 

We believe the property could be well utilized as a serviced accommodation. There are similar properties on air BnB for £150+ per night on the same road. 

Please see below for full financial information for both properties 

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

 

KEY FEATURES

 

7 Year Term

Lease option 

Walking distance to the beach 

Great Location

Freehold

Private Garden 

20% below market value 

A

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FINANCIALS
(based on serviced accomodation)

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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
An experienced and dynamic investment house
here to help you develop your
property investment strategy.
Hotkey Invest Contact Us
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.
Disclaimer
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