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Studio flat for sale

Corporation Road, Middlesbrough, Cleveland, TS1

Offers in Region of £39,995

Property Description

Key features

  • 24hr CCTV security system, with a fob entry to the main doors
  • Communal Lounge with Sky TV, study areas, pool table, PS4 and table tennis
  • Free WiFi for residents
  • Free 24/7 onsite gym
  • Fully Furnished
  • Cinema Room
  • Post Room
  • Laundry Room
  • Cycle storage
  • Tenanted and fully managed with circa 9% rental yield

Full description

Tenure: Leasehold

Flambard Williams present a fantastic opportunity to own a luxury studio in Middlesbrough which provides an income of circa 9% per year. Each studio has its own kitchen, bathroom and study area, and also provides access to the building's onsite gym, cinema and entertainment rooms.

Rede House is a 240 unit student accommodation building based in Middlesbrough. The property was completed by Fortis Developments to a very high standard; facilities include a gymnasium, cinema room, communal lounge, cycle storage and laundry facilities.

The property is just a short walk from Teesside University and the city's shops, restaurants, bars and central station. The great location, coupled with fantastic facilities makes Rede House ideal for savvy property investors.

Regional cities such as Middlesbrough, have a severe shortage of quality rental accommodation and can therefore command higher than average yields in the student property sector. This property offers circa 9% compared to a 6% national average and confirming the current trend of students preferring PBSA over traditional housing, Rede House has been 100% occupied since it was completed back in 2014.

Rede House is a hands free investment, with all management, letting and maintenance of the building handled through Fortis Student Lettings. Investors simply sit back and receive quarterly income payments.


Listing History

Added on Rightmove:
09 December 2017

Floorplans

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Disclaimer - Property reference RH412. 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 Flambard Williams Limited, Chelmsford. 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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