5 Investment Properties in County Durham Generating £30,690 Annual Income for Sale
Undisclosed, County Durham
- Status
FOR SALE
- Date Submitted:
09/06/23
- Advert ID
514670
- Reference
M5474 / Rightbiz
- Call Agent:
- Freehold: £275,000
- Turnover: £30,680 (£590 Per week)
- Net Profit: Not Applicable
Business Details
Rare Opportunity To Acquire 5 Investment Properties for Sale
Currently all rented out to provide £30,690 per annum gross income. FEATURES:CURRENT INCOME RECEIVED £30,690 per annum
House 1 rental income - £4,950 per annum
Two bed mid terrace, DG, Gas CH. On street and back yard (gated). In moderate condition but will need refurbishing - if and when tenant leaves.
Tenant has been in residence since 29 September 2012 (new tenancy completed 14 April 2018).
No Guarantor, substantial arrears under first tenancy, rent now paid direct by UC at £374.99 p.m. plus Ntional Top-up. Very settled tenant.
House 2 rental income - £5,400 per annum
Two Bed mid terrace, through lounge/dining/kitchen with bathroom off. DG, Gas CH. Moderate condition. Small front courtyard, back yard.
Tenancy commenced 18 March 2019 and replaced 18 November 2022 when tenants father joined the tenancy. Rent increased to £450 p.m. Bus/lorry driver currently on UC. Guarantor.
House 3 rental income - £6,000 per annum
Semi-detached, 3 bed. Gas CH, DG. Gardens front and rear. Decorated throughout, new carpets and internal doors July 2022.
Leased to Housing Association on full repairing basis - £500 p.m. House maintained in spotless condition
House 4 rental income - £6,600 per annum
Large 3 bed centre terrace. Gas CH. DG. Back yard and long front garden. Good condition, rewired and replumbed, plastered so sound condition. Decorated and carpets replaced June 2022.
Tenancy commenced 27 July 2022. Rent £550 p.m. Working mother. Substantial guarantor.
House 5 rental income - £7,740 per annum
Centre of 3 terraced houses, ex council, 3 bedroom. Gas CH (new boiler 3/22) DG. Open plan front garden, reasonable size back garden. Decorated and new carpets, new hob and oven Feb 2023.
Working parents, guarantor. Rental income - £545 p.m. plus average tax free FLT of £100 p.m. PRICE:
FOR THE VALUABLE FREEHOLD PROPERTIES Offers over £275,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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