Yieldit are delighted to present to the market this incredible investment
opportunity which under a company let is producing a guaranteed rent and
generating an impressive return above 8. 2% net. This is a truly lucrative
hands - off investment which will have all maintenance and any void periods
handled by the tenant during the five - year contract, making this an excellent
addition to any sized investment portfolio.
The property has been extensively refurbished and is presented to a superb
standard throughout. The accommodation consists of entrance hallway; spacious
carpeted lounge with large, double - glazed window; fully fitted modern kitchen;
three good - sized bedrooms; family bathroom and enclosed rear yard. Tynedale
Walk is ideally located close to a host of everyday amenities, the town centre
and less than a 10 - minute walk from Shildon train station. Shildon is an
ideal, quiet and friendly commuter base with excellent links to Bishop
Auckland, Darlington and the city of Middlesborough which is just a 35 - minute
drive.
County Durham sits between Newcastle, Sunderland and Hartlepool and is within
easy reach of everything the Northeast has to offer. It is well regarded as an
area for lucrative investment, with The Telegraph noting that County Durham is
an area with some of the best returns for buy - to - let property investors.
County Durham is on track to be named the UK’s City of Culture 2025, it’s just
one of four locations in the UK to be shortlisted and achieving this status
would result in colossal social and economic benefits, create thousands of
jobs, boost the economy by millions and improve the lives of residents in the
community. The BBC has too announced it will invest at least £25million over
the next five years which will create BBC will create 70 digital jobs,
increase opportunities and promote the region so now is the perfect
opportunity to invest.
**Financial Breakdown**
Gross rent: £6, 972
Net income: £6, 972
Gross yield: 8. 2%
Net yield: 8. 2%
**Important Note To Purchasers**
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general
outline only for guidance, and do not constitute any part of an offer or
contract. Neither Yieldit nor the vendor or lessor accept any responsibility
in respect of these particulars, which are not intended to be statements or
representations of fact and any intending purchaser must satisfy himself by
inspection or otherwise as to the correctness of each of the statements
contained in these particulars.
Yieldit ref: Yl - 07552

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