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3 bed property
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 offers a unique investment opportunity with a secure 15-year lease and a guaranteed monthly net rent of £700. The property is fully let to a reputable social housing provider, Positive Directions N.E, with a passing rent of £8,400 per annum. The lease commenced in November 2023 and has annual index-linked rent reviews. With no void periods, no general maintenance, no council tax, and no bills, this property provides a hassle-free investment with consistent returns. The property is located in the heart of Station Town, with easy access to local amenities, shops, schools, and public transport links. This is an opportunity for investors to enjoy a secure long-term lease with a guaranteed income, without the complexities of day-to-day management.