>
2 bed property
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 secure 25-year lease, guaranteeing a monthly net rent of £700 and an annual net rent of £8,400. The property is freehold and has been leased to a reputable social housing provider, Positive Directions N.E, with no break clause and annual index-linked rent reviews. The tenant is responsible for bills, council tax, and most internal repairs and maintenance, making this a hassle-free investment. With no void periods, no general maintenance, no council tax, and no bills, investors can enjoy consistent returns without the complexities of day-to-day management. The property is located in a popular area with easy access to amenities, transportation links, and green spaces. This is an excellent opportunity for investors to add a valuable asset to their portfolio and enjoy the benefits of a secure long-term lease.