Studio Apartment | Sale
8.3% NET YIELD! Superb Cash Investment Opportunity Fully Managed & Tenanted For 2023/24 Academic Year
Mr Investa presents this fantastic PREMIUM studio apartment located on the 4th floor of the popular Rede House development. Low Entry Price & Generating Immediate Income! This will make a perfect addition to any investment portfolio or for first time investors alike.
Take a look at the photos, floorplan and 360 virtual tour of the apartment!
Located on Corporation Road, students at Rede House have Middlesbrough City Centre on their doorstep. Teesside University is less than a 10-minute walk away and with Middlesbrough Train Station just around the corner, students have easy access to regular public transport links.
Students at Rede House get their own personal space to live in, whilst also having access to some great social areas in the building including a cinema room, gymnasium and a large common room. The property briefly comprises; open plan bedroom and living space, kitchenette and bathroom.
Financial Performance For 2023/24 Rental Income: £130pw / £6,630 per annum on a 51-week contract Service Charge: £2,591.88 per annum Ground Rent: £250 per annum Lettings Fee 11% + VAT: £875.16 per annum
NET INCOME: £2,912.96 NET YIELD: 8.3%
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.