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2 bedroom property for sale
Hawthorn Street, Easington Colliery, Peterlee SR8
£89,950
Hawthorn Street, Easington Colliery, Peterlee SR8
£89,950
Our Summary
- Welcome to this charming mid-terrace property offering a unique investment opportunity featuring a secure 25-year lease with a guaranteed monthly net rent of £700 / £8,400
- INVESTMENT OPPORTUNITY
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
- Cash Buyers Preferred
Description
This charming mid-terrace property offers a unique investment opportunity with a 25-year lease and a guaranteed monthly net rent of £700. The property is freehold and has been leased to a social housing provider, Positive Directions N.E, with a passing rent of £8,400 per annum. The tenant is responsible for bills, council tax, and internal repairs and maintenance, making this a hassle-free investment with no void periods, no general maintenance, no council tax, and no bills. The property is located in a popular area with easy access to amenities, transportation links, and green spaces. With an annual index-linked rent review, this is an opportunity for investors to enjoy consistent returns without the complexities of day-to-day management.