Sharp Street, Hull, HU5

****Guide Price £110,000 - £120,000 plus reservation fee****

# Exceptional Investment Opportunity: Modern Three-Story Townhouses on Sharp Street

#### Available Individually or as a Pair - Don’t Miss Out!

**Properties: 85 and 87 Sharp Street**

These two modern, three-story townhouses offer a fantastic investment opportunity. Each property features secure gated parking to the rear and open-plan living accommodation on the ground floor. The properties can be purchased separately or together, making them highly versatile for investors.

**Key Features:**

- **Modern Three-Story Townhouses**: Stylish and contemporary design.
- **Secure Gated Parking**: Added security and convenience.
- **Open-Plan Living**: Spacious and modern ground floor living areas.
- **Versatile Purchase Options**: Available individually or as a pair.

**Investment Highlights:**

- **Reliable Tenancy**: Current owner guarantees rent at £9,000 per annum for the next two years.
- **Free Property Management**: Enjoy hassle-free ownership with management services provided by Lets Rent Hull.
- **Pre-Tenancy Condition**: Photos and features from before the properties were let, showcasing their pristine condition.

**Viewing and Internal Inspection**: Essential to appreciate the full potential and quality of these properties. The mixture of photos and features used are from both properties before they were let, providing a clear representation of their condition and appeal.

**Rare Opportunity**: Secure a valuable investment asset with guaranteed rental income and free property management for the next two years, ensuring peace of mind and ease of ownership.

Contact us today to arrange a viewing and explore this unique investment opportunity!

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.

**Fees, Exclusivity, and Disclaimer:** 

**Fees:** 

**Reservation Fee:** 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. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss. 

The Reservation Fee can be refunded under certain circumstances; 

i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office 

**Exclusivity:** 

Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping. 

**Process:** 

Our process: 

1. Register your interest 

2. Prepare your finances for the purchase 

3. Arrange a viewing 

4. Make an offer 

5. Secure your sale using our secure system 

6. Exchange and complete 

**Disclaimer:** 

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. 

Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services. 

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor. 

Rezee innovative way of selling is a secure and straightforward way to buy property. 

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.