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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  • Floorplan
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Property Features

  • Sold With The Benefits Of A 5 Year Rental Lease.
  • £28,000 PA Rental Income
  • Net Yield per unit 8%
  • Freehold
  • 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.
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Address
North East Property Lettings & Management Ltd
2 South Terrace
Sunderland
Type & Wear
SR5 2AW

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