33 South Road & 36 Alderson Street , Hartlepool , TS26 9HA

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Posted in:
6th March 2019
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Overview

 

A rare opportunity to purchase a Freehold pair of flats in Hartlepool. These flats are to be leased to G4S on a long term basis as part of the Home Office ‘Compass’ contract. Both properties were refurbished in 2017 and require minimal expenditure.

Ideally located for access into Hartlepool and close to local transport links.

The property consists of;
Lower flat – 1 bedroom, leased at a rate of £420pcm
Upper flat – 2 bedrooms, leased at £500pcm

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Price – £79,999.
Annual Rent – £11,040.
Gross Yield – 12.8%.

  • 2 Leased Flats.
  • High Yield.
  • Immediate Income.
  • Freehold Interest.

FINANCIALS

  • Purchase price: £79,999.
  • Annual rental income: £11,040.
  • Gross yield: 12.8%.
  • Refurbishment £0.
  • Fees £3,000.

Location

Overview

This pair of flats are to be leased to G4S on a long term basis as part of the Home Office ‘Compass’ contract.
The properties were refurbished in 2017 and therefore require minimal outlay for an immediate return. The lower flat will be let at £420pcm, the upper will be let at £500pcm giving a rental yield of 12.8%.
Close to local amenities and transport links the properties are well situated.

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Price – £39500.
Annual Rent – £5100.
Gross Yield – 12.75%.

  • Recently refurbished.
  • 2 bedrooms.
  • Sold leased to Nacro.
  • 36 month contract.
  • Scope to refinance.

FINANCIALS

  • Purchase price: £39500.
  • Annual rental income: £5100.
  • Gross yield: 12.75%.
  • Refurbishment £0.
  • Zero management in Year 1.

Location

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