Borough Road, Middlesbrough
- INSTANT INCOME
- POTENTIAL 13% YIELD
- SEVEN BEDROOMS
- SEVEN SHOWER ROOMS
- CALL TEAL SPACE TO BOOK YOUR VIEWING
This is a vast, newly renovated, seven studio building set over three storeys nestled in the heart of Middlesbrough with direct access to both Middlesbrough University and the towns shopping centre.
The current owners have taken this run down building and transformed it into seven self contained luxury studios which are currently being occupied by both students and professionals. The renovation works undergone were completed in September this year with tenants lined up due to the standard of finish. All studios have en-suite shower rooms and kitchenettes. There is also a communal room which offers wash facilities, kitchen area and lounge.
At full occupancy the annual gross income is £44,460 achieving a very healthy yield of 13%. All bills are included within the tenancies agreements of which further details can be provided upon request.
The property is being sold with all fixtures and fittings such as flat screen TV's, furniture and appliances.
Call Teal Space for any further information or to arrange a viewing appointment!
Borough Road, Middlesbrough
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Middlesbrough Station0.4 miles
- South Bank Station2.5 miles
- Marton Station2.6 miles
About the agent
Teal Space is a new and fresh sales and lettings agency based in Middlesbrough serving the Tees Valley.
We have an experienced team of Sales and Lettings professionals operating to high standards and our goal is to ensure we service your requirements and sell or let your property as quickly as possible.
Our fees are always competitive, and they can even be free (£Zero) if one of our growing book of active high net worth investors buys your property in an off-market t
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.Visit our security centre to find out more
Disclaimer - Property reference 30322163. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Teal Space, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.
Map data ©OpenStreetMap contributors.