Rede House, Corporation Road, Middlesbrough, TS1
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
218 sq ft
20 sq m
Key features
- Circa 9% NET YIELD
- Already Let For 2024/25
- Low Entry Price - Cash Investment Opportunity
- Generating Immediate Income
- 2nd Floor Fully Furnished Self-Contained Studio
- On-site Gym, Cinema & Communal/Games Room
- Walking Distance To Teesside University & City Centre
- Close to Shops, Bars & Restaurants
- Excellent Public Transport Links
- Deed Of Variation In Place
Description
CIRCA 9% NET YIELD!
Tenancy Confirmed For Next Academic Year 2023/24
Financial Performance For 2024/25
Rental Income: £130pw / £6,630 per annum based on a 51-week contract
Service Charge: £2,486.55 per annum
Lettings Fee 11% + VAT: £875.16 per annum
Ground Rent: £250 per annum
NET INCOME: £3,018.29 per annum
NET YIELD: 8.6%
Mr Investa presents this fantastic cash investment opportunity to purchase a 2nd Floor PREMIUM studio apartment in the popular & FULLY LET Rede House student development.
Low Entry Price & generating immediate income making this an ideal property investment.
Deed of Variation in place, therefore NO DOUBLING GROUND RENT.
Photos & Video Tour Available of the ACTUAL 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.
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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Rede House, Corporation Road, Middlesbrough, TS1
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Visit our security centre to find out moreDisclaimer - Property reference MSN-18193099. 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 Mr Investa Ltd, Salford. 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.
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