2 bedroom property for sale

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2 bedroom property for sale

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.