Studio for sale in Middlesbrough TS1, 0 Bedroom

A high quality studio apartment within the popular Rede House development, in the heart of the city centre. A perfect cash investment with a fantastic return on offer for any buy-to-let investor.

Rede House is a high-quality and modern accommodation just a short walk from Teesside University and the city's shops, restaurants, bars and central station. The great location, coupled with fantastic facilities and all bills included in your rent, make Rede House ideal for student life in Middlesbrough.

This apartment includes its own kitchen, bathroom and study area, and the tenant will have access to on-site facilities such as a gymnasium and cinema room. The apartment and building are let and managed by a professional letting agency which takes care of the investment on behalf of the landlord.

Financial Breakdown

Gross rent: £5,060
Ground rent: £200
Service charge: £1,520
Lettings fees: £486
Net income: £2,854
Gross yield: 13.14%
Net yield: 7.41%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-0495