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3 bedroom house for sale
Lake View- 15 Year Lease - 9.3% Net Yield, Station Town, Durham, TS28
£89,999
Lake View- 15 Year Lease - 9.3% Net Yield, Station Town, Durham, 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 in Station Town offers a unique investment opportunity with a secure 15-year lease and guaranteed monthly net rent of £700. The property is freehold and has been let 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, making this a hassle-free investment with no void periods, management fees, or council tax. The property has been fully let on a 15-year lease with annual index-linked rent reviews, ensuring a consistent return without the complexities of day-to-day management. With its central location and proximity to local amenities, shops, schools, and public transport links, this property promises both convenience and financial stability.