Hartlepool

Lot No. 19

UK Property Group are excited to bring to the market this excellent investment opportunity to acquire a 5 property portfolio in Hartlepool at a guide price of £400,000. All 5 properties are locked in a 5 year contract with asylum seekers with guaranteed rent. These properties are in very good condition, due to being in a 5 year contract the maintenance is covered and these contracts can be rolled over. Purchasing this portfolio will be a perfect addition to an investment portfolio with a 10% yield per property. Sitting in a prime location these properties are just a walk from local amenities and schools. All 5 properties can only be purchased as a portfolio.

Rugby Street-
This property comprises of a shared lounge, shared bathroom, shared kitchen, 3 spacious bedrooms and shared garden. With an income of £600pcm this property is achieving a 10% yield with no maintenance or minor works to be worried about as this is covered by the agency. This property is in good condition with no major works to be carried out making this a perfect addition to the 5 house portfolio and a ready income purchase. This property which is inclusive of the property portfolio boasts investors due to the long term income at the best possible rate.

Furness Street-
This property comprises of a shared lounge, shared bathroom, shared kitchen and 4 spacious bedrooms. With an income of £800pcm and a yield of 10% this property boasts investors due to having guaranteed rent for 5 years locked in with an asylum seekers agency, the maintenance on this property is all covered and no works have to be carried out when purchased due to the excellent condition this has been kept in.

Sheriff Street-
This property comprises of 3 spacious bedrooms, shared kitchen, shared lounge and a shared bathroom. This property is also in perfect condition with no works to be carried out as minor works will be carried out by the asylum seekers agency. This property is achieving £600pcm giving this also a 10% yield making this portfolio a perfect purchase to be an addition to an investment portfolio. Guaranteed rent for 5 years in a locked in contract with asylum seekers which will be rolled over makes this a long term investment for a buyer.

Derwent Street-
This property comprises of 3 bedrooms, shared kitchen, a shared bathroom and a shared lounge. this property has been well looked after with no money to be spent on. This property is also achieving £600pcm giving this a yield of 10%, this boasts investors due to the 5 year contract which can be rolled over for guaranteed rent. All minor maintenance is covered by the asylum seekers agency relieving the worry to carry out any works when purchasing the portfolio.

Everett Street-
This Property Comprises of 3 bedrooms, a shared kitchen, shared bathroom and a shared lounge. Achieving £600pcm gives this property a yield of 10% making this a perfect investment opportunity. Been kept in really good condition by the asylum seekers there are no minor works to be carried out on the property. Any minor maintenance is covered by the asylum seekers agency. This property boasts investors as it is ready to purchase as a portfolio, making this a perfect addition to any investment portfolio.

Unconditional Sale- The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition a 3% Buyers Premium + VAT (Minimum Fee £5000 + Vat) and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated). The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.

No Addendum

Guide Price:

£340,000

+ fees

auction starting price:

£340,000

+ fees

Fantastic opportunity to purchase a portfolio of 5 properties guaranteed rent for 4 years.

Live Stream Auction

Bidding Opens: December 8, 2021
Bidding Ends: October 15, 2021

Guide Price: £340,000 + Fees

Fantastic opportunity to purchase a portfolio of 5 properties guaranteed rent for 4 years.

Live Stream Auction

Bidding Opens: December 8, 2021
Bidding Ends: October 15, 2021

Tenure: N/A

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