NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3226
LEASE OPTION
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
FINANCIALS
(based on serviced accomodation)
FINANCIALS
(based on single family let)
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