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Auction property id: 62220554
USD 166,674 + Mortgage Calculator
GBP 136,000
Victoria Road, Thornaby, Stockton-on-Tees, England, United Kingdom
  • 5 bedrooms
  • Completion Year
    2021

Description

The property is let on the current government backed Long term contract for social housing use with a major Blue chip PLC, There are no other costs for the owner as other than insurance & annual Gas certification. There is no Council Tax, Utility Bills are all covered within the contract. No voids…no maintenance unless structural…no management. This saves the investor time and money. The leases are 5 to 10 years. Due to these long leases banks do not want to lend. Thus we sell for cash. The property is currently achieving between 7% and 8% yield

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UK Property Group
Cindy Brad

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UK Property Group
Cindy Brad

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