Investment Property for sale - Rede House, Middlesbrough

£43,000

For Sale

Property information

Status:
Available
Type:
Sale
Address:
Middlesbrough
Categories:
Investment Property
Listed on:
10-10-2019

Commercial

S.O.A.


Description

Investment Highlights



  • 7.6% net yield currently delivered

  • Cash purchase only

  • Directly opposite Teesside University

  • Fully tenanted and operational

  • Approximately 30,000 students

  • Recently refurbished to a high standard

  • 247 year remaining on leasehold


Rede House is a fully completed and operational student development situated in Middlesbrough. The development comprises of 230 deluxe, premium and standard studios, designed to provide higher class accommodation. Rede House also takes home many communal facilities from, a fully equipped gym and secure bike area, to an entertainment, lounge and laundry room. The development also benefits from the retail units on the ground floor.


A completed and operational development, we are now selling student studio's on a resale basis. As such, these units will be tenanted and generating immediate income for investors.


Rede House is managed by Fortis Student Living, one of the UK's largest studio property management companies, who offer a good track record with a large number of our investors.




Disclaimer

Property reference: f1b98717989c9240d224c9b6dcea6700

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Hopwood House. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

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Hopwood House
Denton,
Manchester,
M34 3QS,
GB

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Property reference: f1b98717989c9240d224c9b6dcea6700

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