3 bedroom property for sale

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3 bedroom property for sale

Lake View- 15 Year Lease - 9.3% Net Yield, Station Town, Wingate, TS28
£89,999

Our Summary

  • Welcome to this charming three-terrace property offering a unique investment opportunity featuring a secure 15-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

Description

This charming three-terrace property offers a unique investment opportunity with a 15-year lease to a social housing provider, guaranteeing a monthly net rent of £700. The property comprises three bedrooms, a living room, kitchen, and bathroom, with a front garden and rear yard. The lease commenced in November 2023 and has 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, general maintenance, council tax, or bills. The property is located in the heart of Station Town, with easy access to local amenities, shops, schools, and public transport links. With a guaranteed net rental income of £8,400 per annum, this is an attractive opportunity for investors seeking a secure and stress-free investment.