* Freehold
* Rent Guarantee Lease - 25 Years, No Break Clause
* Fully Tenanted For 25 Years - No Headache, No Hassle
* 10% net yield
* £8, 400 p. a / £700 pcm Net Rental Income
* Mid - Terrace Freehold Property
* Leased To Community Interest Company(cic) With Charitable Aims & Objectives
* Hands Off - Hassle Free Investment - Long Term Secure Tenancy Lease In Place With No Break Clause
* No Bills, No Voids, No Council Tax, No General Maintenance, No Property Management Fees - Hands Off Investment
* Attractive Investment Opportunity For Those Seeking Long - term Financial Security
* Property Pack Available Upon Request
**Description
**
Welcome to this charming mid - terrace property offering a unique investment
opportunity in the heart of Durham.
This well - maintained three bedroom property boasts large lounge, well fitted
kitchen diner & bathroom/WC which is fitted with a 4 piece suite. To the first
floor are 3 generous sized bedrooms. Externally to the rear is a low
maintenance court yard and to the front is a lawned garden.
What sets this property apart is its hands - off investment appeal, featuring a
secure 25 - year lease with a guaranteed monthly net rent of £700 / £8, 400. 00
per annum.
**Tenure
**
The property is freehold and will be sold with the benefit of a new 25 year
hands off lease to a social housing provider with a passing rent of £8, 400. 00
p. a/ £700 pcm.
We are advised that in accordance with the lease terms, the tenant is
responsible for bills, council tax and most internal repairs and maintenance.
No voids, no maintenance, no headache, no management fees, no bills and no
council tax. Collect your net rent monthly without the stress of a standard
buy to let investment.
The lease will be 25 years, with no break clause.
Annual index linked rent reviews.
**Investment opportunity
**
The property is securely leased to a reputable housing provider, ensuring a
guaranteed net rental income of £8, 400 per annum. With a hassle - free
investment model, this is an opportunity for investors to enjoy consistent
returns without the complexities of day - to - day management.
**Tenant
**
The property is leased to Positive Directions N. E, a well established
Community Interest Company (cic) with charitable aims and objectives that
delivers and manages a number of community projects and provides supported
housing for people who are disadvantaged across the North East Region.
A key focus for the work of Positive Directions N. E is to recognise and
embrace the value of lived experience and to provide support and opportunities
for those who need an extra helping hand.
Don't miss out on this opportunity to acquire a hassle - free, secure investment
in a high - demand area. Contact opa today if you are looking for an easy way to
invest in a secure long term, stress free investment.
**Location
**
The property is ideally located in a popular close to essential amenities,
transportation links, and green spaces and only one mile from Easington Beach!
Whether you're looking to expand your investment portfolio or secure a hands -
off income, this property promises both convenience and financial stability.
Whether you're looking to expand your investment portfolio or secure a hands -
off income, this property promises both convenience and financial stability.
Invest with confidence and do not miss this opportunity to add a valuable
asset to your investment portfolio and enjoy the benefits of a secure long -
term lease.
**EPC
D
council tax
A
material information
**
The opa have taken reasonable precautions and exercised all reasonable due
diligence by asking the Seller of the Property to provide us in writing a
declaration of material information regarding a property to comply with the
Consumer Protection from Unfair Trading Regulations 2008. However, certain
information may be unavailable and/unknown. Any buyer must carry out their own
due diligence and rely on their own searches investigations and enquiries in
respect of all matters relating to their proposed purchase of this property,
to enable them to make an informed transactional decision before proceeding to
entering in to the exclusivity agreement on this property
**Agent notes
**
This property is tenanted and internal viewings may not be possible.
**Buyers fee
**
Buyer's Exclusivity Fee of 2% of The Purchase Price. Minimum Fee £3000. (All
fees inclusive of VAT). T&Cs apply.
Please request information pack, Buyer’s Guide & FAQs.
Please note the Buyer’s Fee is a non - refundable unconditional Exclusivity Fee
in addition to the purchase price payable to the Agent upon offer acceptance.
By paying your fee, that amount may be considered as part of the chargeable
consideration for the property and be included in the calculation for stamp
duty land tax liability.
The opa’s “Secure It Now Exclusivity Package” – this is a legally binding
agreement between you are the seller. When the offer is accepted, the buyer
pays the Exclusivity Fee to the Agent and enters into an “Exclusivity
agreement with the Seller”, granting the buyer an exclusivity period, which is
usually upto 8 weeks to complete on the purchase of the property. During the
exclusivity period, the buyer has the exclusive right to purchase the
property, no other offers can be accepted and during this period buyer must
complete the sale transaction. If the buyer fails to complete in this period,
the fee is non - refundable.
This property is being offered under The opa’s “Secure It Now Exclusivity
Package”
This is an innovative secure and straightforward way to purchase this property
–
Here are the benefits for you:
• Secure your dream property straight away
• Similar to a “normal” or “conventional” sale with a few measures to protect
the buyer and the seller
• Focuses on speed
• Mortgage buyer friendly
• Suitable for first time buyer
• Mortgage buyers and cash buyers compete on equal terms
• No competitive bidding
• No risk of being gazumped
• Minimises risk of fall throughs
Secure It Now Exclusivity Package - How does it work?
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity
Agreement. By entering into the exclusivity agreement and paying the
Exclusivity Fee, this buys :
• A legally binding contract granting the buyer exclusive rights to purchase
the property within a given timeframe (usually 56 days / 8 weeks )
• Paying the Exclusivity Fee ensures that the seller takes their property off
the market as soon as the sale is agreed and reserves it exclusively for you.
• This prevents the risk of gazumping
• helps you avoid losing money and wasting time which most buyers like you may
face with the traditional estate agent's approach.
• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe
in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest
Step 2 - Sort out your finances / Carry out your due diligence/ Ask questions/
Get legal/ financial advice if required.
Step 3 - Arrange a viewing / Virtual Tour (If you require a viewing. If you do
not require a viewing and offer without a viewing, you are doing so at your
own risk)
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity
package
Step 6 - Exchange and completion
Next Steps – Do Not Miss Out -
Important notes:
Buyers should carry out their own due diligence/ investigations and if
required seek independent legal/ financial advice.
The Exclusivity fee is a non - refundable fee and unless otherwise stated and
agreed in the special conditions of the Exclusivity Agreement, this is
unconditional, not subject to survey or valuation, lending or anything else.
Money laundering regulations - Intending purchasers will be asked to produce
identification documentation at a later stage and we would ask for your co -
operation in order that there will be no delay in agreeing the sale. 2: These
particulars do not constitute part or all of an offer or contract. 3: The
measurements indicated are supplied for guidance only and as such must be
considered incorrect. 4: Potential buyers are advised to recheck the
measurements before committing to any expense. 5: All descriptions,
dimensions, references to condition and necessary permission for use and
occupation, and other details are given without responsibility and any
intending purchasers or tenants should not rely on them as statements or
representations of fact but must satisfy themselves by inspection or otherwise
as to the correctness of each of them; 6: No persons in the employment of The
opa has any authority to make or give any representation or warranty whatever
in relation to this property. No services, fixtures, fittings or appliances,
including central heating, have been tested by the Agent at the time of
printing. All references to parts of the fabric, material, decoration,
external or internal features or grounds of the property are made without any
warranty as to their conditions or effectiveness. Where definite checks have
been made, such results will be made clear at the appropriate place in the
particulars of sale. Every effort has been made by the Agents to obtain
accurate information from the correct sources. However, intending purchasers
and other readers are asked to make their own arrangements regarding
verification of any statements expressed in these particulars of sale.
Please be advised that this property may have been owned by the current seller
for under six months, or the seller may have the exclusive right to sell the
property. If you require any further clarification, please speak to a
representative of The opa.
Any reference to, or use of any part of the property is not a statement that
any necessary planning, building regulations or other consent has been
obtained. All photographs shown are indicative and cannot be guaranteed to
represent the complete interior scheme or items included in the sale. No
person in our employment has any authority to make or give any representation
or warranty whatsoever in relation to this property.
Misrepresentation Act 1967: The opa for themselves and for the vendors or
lessors of this property whose agents they are, give notice that: (1) These
particulars do not amount to, nor amount to any part of, an offer or contract.
(2) None of the statements contained in these particulars should be relied on
as statements or representations of fact, therefore all prospective purchasers
or tenants must satisfy themselves as to their accuracy.

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