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2 bed property
Hawthorn St- Let on 25 Year Lease, Peterlee, SR8
£89,999
Hawthorn St- Let on 25 Year Lease, Peterlee, SR8
£89,999
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 and guaranteed monthly net rent of £700, generating £8,400 per annum. The property is freehold and has been leased to a reputable social housing provider, Positive Directions N.E, which ensures a hassle-free investment with no void periods, no general maintenance, no council tax, and no bills. The tenant is responsible for all internal repairs and maintenance, and the property has a 25-year lease with annual index-linked rent reviews. Located in a popular area, the property is close to essential amenities, transportation links, and green spaces, making it an attractive investment opportunity for those looking for a secure and stress-free income.