Studio Apartment | Sale
Superb Cash Investment Opportunity TENANTED FOR 2022/23 CIRCA 9% NET YIELD! Mr Investa presents this fantastic studio apartment in Rede House. A Low Entry Price and Generating Immediate Income, this will make a perfect addition to any investment portfolio or for first time investors alike.
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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: Rental Income: £130pw / £6,630 per annum on a 51-week contract. Service Charge: £2,437.56 per annum Lettings Fee: £875.16 per annum Ground Rent: £250 per annum
NET INCOME: £3,067.28 per annum NET YIELD: 7.2%
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.