* Freehold
* 3 Bedrooms
* Social Housing Investment
* £8, 400 p. a / £700 pcm Net Rental Income
* Leased To Community Interest Company(cic) With Charitable Aims & Objectives
* Freehold Investment Property With 15 Year Lease To Housing Provider
* Leased To Well Established Housing Provider
* Fully Hands Free Investment
* Secure Long Term Investment - leased for 15 years
* Cashflow & Rental Income From Day 1 - Already Tenanted
* Invest & Make A Powerful Social Impact !
**Description
**
The opa are pleased to present this exciting and rare opportunity to acquire
this totally hands off freehold investment providing a secure, government
backed investment subject to a 15 Year lease to a social housing provider. The
property is generating a phenomenal 10% net yield and a rental income of
£8, 400 p. a.
**Accommodation
**
Ground Floor:
Kitchen
Living Room
Vestibule
Bathroom
First Floor
Bedroom 1
Bedroom 2
Bedroom 3
Exterior
Front yard. Rear yard.
**Tenure
**
The property is freehold and sold with a 15 year lease to social housing
provider with a passing net rent of £8, 400 per annum, £700 per calender month.
We are advised that there are annual index linked rent reviews.
**Covenant
**
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.
**Location
**
The property is situated on Claude Terrace is in prime location of Murton,
with close access to Woods Terrace local shops and recreational facilities.
**Buyers fee
**
Buyer's Reservation Fee of 2% of The Purchase Price. Minimum Fee £2400. (All
fees inclusive of VAT). T&Cs apply.
The opa’s “Secure It Now Exclusivity Package”
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
• Properties are realistically priced
• 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?
Our sellers are motivated and willing to price their properties competitively
in order to ensure a fast and secure sale.
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee
“ of 2% which includes :
• 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 and the
• 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
Step 3 - Arrange a viewing / Virtual Tour
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 -
Please note this is a realistically priced property and is likely going to
create a fair amount of buying interest. If you're interested in buying this
property, we'd urge you to contact us immediately to avoid losing out.
Please note this is a non - refundable exclusivity fee in addition to the
purchase price.
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.
In accordance with Section 21 of the Estate Agents Act 1979 an interest is
declared in that the vendor of the property is a relative of a Partner of THE
ONLINE PROPERTY AGENCY LTD
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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