Bowesfield Lane, Stockton-on-Tees TS18

£350,000
  • Ref: 10818
  • Type: Semi-Detached House
  • Availability: Under Offer
  • Bedrooms: 6
  • Tenure: Freehold
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  • Property Features

    • Available July 2021.
    • 2x Six Bedroomed Licenced HMO's.
    • £28,000 PA Rental Income.
    • Sold With The Benefits Of A 5 Year Rental Lease.
    • Ongoing Government Backed Contract.
    • Great Investment Opportunity.
    • Council Tax Band B
    • EPC Rated C and D

    Property Summary

    Available from July 2021. Offered to the market fully refurbished and fully furnished. 2 x six bedroomed , two bathroom Licenced HMO’s. Sold with the benefit of long term Government rental leases. Can be bought individually. Register details for further information.

    Purchase Price For Both Units - £350,000
    Annual net rent Per Unit - £12500 after management.
    Net Yield Per Unit – 8.0%.
    Potential income over length of contract Per Unit - £112500 * based on lease till 2029.
    ...