2 bed property

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2 bed property

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.