Hazel Grove, Leigh

**** SOCIAL HOUSING INVESTMENT OPPORTUNITY **** | Rental Income £480 pcm | Good Location | Blind Sale | NO VOIDS |

Overview - ***Investment Opportunity****

Two Bedroom Mid Terrace for sale in WN7 with long term, government backed lease in place. Located in Hazel Grove, Leigh, in a high demand area for rental properties.
Ideally situated in a popular residential area with fantastic access to local amenities, schools and main commuter routes.

Social housing lease (SERCO), renewed in 2019, with option to extend by 3 years at the end of the term
Property meets all regulations and amenity standards. EICR, Gas Safety and Fire Safety Certificate all up to date. As per the self repairing lease in place, the tenant (SERCO) is responsible for all utilities, council tax and ongoing superficial maintenance and rent is paid each month meaning no void periods to contend with. The rent is up to date with no arrears.

EPC C
Band A Wigan Council

Rental Breakdown - Monthly Rent - £480
Annual Gross Rent - £5,760
Yield - 5.2%

PLEASE NOTE :A fixed fee of £2,500 plus VAT applies as a buyers fee to this property

Viewings may not be possible for this property due to the nature of the lease. We will need to see proof of funds and ID. You will also need an agreement in principle that covers social housing if you are looking to lend against the purchase. Please make sure that you are able to proceed, we can reccomend a broker if needed

Buyers Fee And Reservation - This sale is SUBJECT TO A £2,500 PLUS VAT BUYERS FEE

If you make an offer and it is accepted, the fee is payable within 2 working days in order to take the property off the market.

The benefits of a buyers fee to the buyer are:
- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.
- This approach allows you to secure the property and start the conveyancing process quickly.
- Reservation of the property removes the element of competitive bidding and also the possibility of being gazumped.
- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.
- All of these elements provide peace of mind from the outset, along with our personal and proactive approach.Genie Homes pride ourselves on our simple and secure buying process.

Please note: Should the property purchase not complete, the reservation fee will be refundable in ONLY these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage / remortgage ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)

Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

TENURE - Freehold

POSSESSION - Tenanted

VIEWINGS - To be discussed