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Reference M5541
Features
Rare Opportunity To Acquire 3 Investment Properties
CURRENT INCOME RECEIVED £16,650 p.a.
House 1 rental income - £4,950 p.a.
Two bed mid terrace, DG, Gas CH. On street and back yard (gated). In moderate condition but will need refurbishing - if and when tenant leaves.
Tenant has been in residence since 29 September 2012 (new tenancy completed 14 April 2018).
No Guarantor, substantial arrears under first tenancy, rent now paid direct by UC at £374.99 p.m. plus Ntional Top-up. Very settled tenant.
House 2 rental income - £5,400 p.a.
Two Bed mid terrace, through lounge/dining/kitchen with bathroom off. DG, Gas CH. Moderate condition. Small front courtyard, back yard.
Tenancy commenced 18 March 2019 and replaced 18 November 2022 when tenant’s father joined the tenancy. Rent increased to £450 p.m. Bus/lorry driver currently on UC. Guarantor.
House 3 rental income - £6,000 p.a.
Semi-detached, 3 bed. Gas CH, DG. Gardens front and rear. Decorated throughout, new carpets and internal doors July 2022.
Leased to Housing Association on full repairing basis - £500 p.m. House maintained in spotless condition
Turnover
Currently all rented out to provide £16,650 p.a. gross income.
Tenure
FREEHOLD
Price
FOR THE VALUABLE FREEHOLD PROPERTIES OFFERS over £140,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 98,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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Buy a 3 Investment Properties in County Durham For Sale on NationwideBusinesses.co.uk
£275,000
5 Houses in County Durham
Investment Properties in County Durham
Investment Properties for sale