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Rede House, Corporation Road, Middlesbrough, TS1

5th Floor
1

Key features

  • 10.6% NET YIELD
  • Tenanted Until September 2025
  • Low Entry Price - Cash Investment Opportunity
  • Generating Immediate Income
  • Fully Furnished Self-Contained Studio
  • 5th Floor
  • On-site Gym, Cinema & Communal/Games Room
  • Walking Distance To University & City Centre
  • Close to Restaurants, Shops & Bars
  • Excellent Public Transport Links

Description

Superb Cash Investment Opportunity
10.6% NET YIELD!
Tenanted Until September 2025!
100% Occupancy

Financial Performance For 2024/25 Academic Year
Rental Income: £140pw / £7,140 per annum on a 51-week contract
Service Charge: £2,556.77 per annum
Ground Rent: £250 per annum
Lettings Fee 11% + VAT: £942.48 per annum

NET INCOME: £3,390.75 per annum
NET YIELD: 10.6%

Mr Investa presents this fantastic premium studio apartment located on the 5th 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.

Located on Corporation Road, students at Rede House have Middlesbrough City Centre right on their doorstep. Teesside University is less than a 10-minute walk away with Middlesbrough Train Station just around the corner and 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. This fully furnished premium studio comprises; open plan bedroom and living space, kitchenette and an ensuite 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.
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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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Rede House, Corporation Road, Middlesbrough, TS1

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About Mr Investa Ltd, Salford

Mr Investa, Blue Tower, MediaCityUK, M50 2ST
Industry affiliations:Industry affiliation logo 0

We offer a unique and bespoke service for Landlord to Landlord Sales.

Here at Mr Investa we understand that not ever investor is the same, not every seller or buyer have the same requirements.

Using the latest technology in the property market to give our clients a full insight to the properties and areas we offer from the comfort of their home or on the go. We do this by providing a virtual tours, floor-plans and financial performance for each property.

Our aim is to take the time, effort and stress away for our clients by doing all of the leg work for them, so we have created a simple 5 step process to help buy or sell a buy-to-let property.

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Disclaimer - Property reference MSN-11969146. 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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