4 bedroom terraced house for salePrinces Road, Middlesbrough
Withdrawn from Market £110,000
- GENERATING A GROSS ANNUAL RENTAL INCOME OF £19,240 (INCLUDES BILL PAYMENTS)
- CURRENTLY LET OUT TO STUDENTS - ON A 52 WEEK CONTRACT BASIS
- 3 BEDROOMS, LOFT CONVERSION & 2 RECEPTION ROOMS
- MODERN KITCHEN, GAS CENTRAL HEATING & DOUBLE GLAZING
- LOCATED CLOSE TO THE UNIVERSITY OF TEESSIDE & LINTHORPE ROAD
IN EXCESS OF A 10% YIELD! A SUPERB INVESTMENT OPPORTUNITY OFFERED FOR SALE ON A FULLY LET BASIS AND CURRENTLY GENERATING AROUND 20% RETURN (WITH THE DUTY TO PAY UTILITY BILLS OUT OF THIS). THE PROPERTY IS LOCATED CLOSE TO LINTHORPE ROAD, AND THE UNIVERSITY OF TEESSIDE. PROPERTIES OF THIS SIZE, AND ABILITY TO GENERATE THIS LEVEL OF RENT, ARE RARELY AVAILABLE. THERE IS POTENTIAL TO INCREASE THE RENTAL RETURN ALSO, DUE TO ONE ROOM BEING ON A REDUCED RENT. MORE DETAILS AVAILABLE ON REQUEST
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