Terraced house for sale in Sharp Street, Hull HU5

***Guide Price £90,000 - £100,000 plus Reservation Fee***

Investment Opportunity with Tenant in Situ:
Situated in the vibrant heart of one of Hull's most sought-after areas, this three-bedroom investment property presents an attractive opportunity for discerning investors. Located on Newland Avenue, renowned for its bustling atmosphere and eclectic mix of café bars, shops, and restaurants, this property offers both convenience and potential for steady returns.

Key Features:
- Three-bedroom investment property
- Tenant in situ, providing immediate rental income
- Guaranteed rent of £8,500 per annum for two years
- Free property management services included through Lets Rent Hull
- Prime location on Newland Avenue, Hull's vibrant hub
- Close proximity to a diverse range of amenities and attractions

Description:
This property presents a rare opportunity to acquire an investment asset with a reliable tenant already in place. With the current owner guaranteeing the rent at £8,500 per annum for the next two years and offering free property management services through Lets Rent Hull, investors can enjoy peace of mind and hassle-free ownership.

The property itself boasts three bedrooms, making it suitable for a variety of tenant demographics. Whether targeting young professionals, students, or families, the versatile layout and convenient location appeal to a wide range of renters.

Situated in the heart of Newland Avenue, residents benefit from easy access to an array of amenities. From trendy café bars to boutique shops and popular restaurants, everything residents need is just steps away. The vibrant atmosphere of the area ensures strong demand for rental properties, making this investment opportunity particularly appealing.

Overall, this investment property offers a rare combination of immediate rental income, guaranteed returns, and prime location. With the added benefit of free property management services, investors can capitalise on Hull's thriving rental market with confidence.

Guarantee Rent Agreement:

This agreement acknowledges that the seller is the owner of Eurolets Hull Ltd, operating under the trading name Letsrent-hull. The agent, provided the purchase price exceeds £95,000, agrees to the following terms:

1. A five-year management agreement will be established between the buyer and the sellers.

2. The agent/seller will pay the buyer a monthly rent of £8,500, paid in monthly instalments, with no management fees applicable for the first twelve months.

3. In the second year, no management fees will be charged, and the property will continue to be let at the highest market rent achievable by the agent/seller.

4. For the third, fourth, and fifth years, the property will be let at the highest market rent achievable by the agent/seller, with a management fee of 10% plus VAT.

5. This agreement is exclusive to the buyer and is non-transferable in the event of the buyer's subsequent resale of the property.

Disclaimer

Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price & deemed a part of the chargeable consideration when calculating Stamp Duty for the property.

The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.

The Buyer is required to verify their id & show proof of funds.