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Deluxe Student Studio In Rede House, Middlesbrough

Property Details

  • Price: £42,000.00
  • Location: Middlesbrough
  • Region: Teeside
  • Country: United Kingdom
  • Reference: HH2UKMIDDRED107aa

Highlights

  • Earn £3.149.00 net per annum
  • Fully tenanted for the new academic year
  • Three minutes walk from the university campus
  • Leading student management compan
  • Earn 7.5% net per annum after charges.

Rede House is a fully completed and operational student development situated in Middlesbrough. Such is the demand for student rooms in Rede House, the development is already fully booked for the forthcoming academic year 2017-18. 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.
 
Key to the ongoing success of the Rede House development, is its location just yards from the main campus of Teeside University and its 30,000 full time students. With many units overlooking the main campus from its location across the road, the high demand for student units within Rede House is likely to consistent in the years to come.
 
This spacious deluxe studio has been fully tenanted since the opening of the development two years, and we confirm that a new tenant is in place for the academic year 2017-2018. As a Deluxe Studio, this unit is booked for the academic year at 51 weeks at £107.00 per week. The unit is a large self contained studio which includes an ensuite shower room, fitted kitchen, study area and double bed.
 
Investment Highlights
Invest from £42,000
Deluxe studio – 24 square metres
2017-18 contract (51 weeks at £107.00)
£3,149.57 net per annum
7.5% net yield currently delivered
3 minutes walk from Teeside University
Currently tenanted and operational
Approximately 30,000 students
Recently refurbished to a high standard
 
Location Details
Middlesbrough takes home stunning architecture and a transporter bridge which lights up the skyline. Middlesbrough also hosts excellent transportation links, from train services to ferries which sees around 1.4 million passengers yearly. Students are attracted to the area with the city taking home four shopping centres and the iconic ‘The Empire’ venue, which hosts numerous theatre and music acts.
 
Rede House- Walking Distances
Middlesbrough train station – 5 minutes
Teesside University – 3 minutes
Middlesbrough Library – 10 minutes
Riverside Stadium – 15 minutes
The Mall – 20 minutes
 
Purchase Process
1. Complete the reservation form and pay the £2,000 reservation fee.
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts

Highlights

  • Earn £3.149.00 net per annum
  • Fully tenanted for the new academic year
  • Three minutes walk from the university campus
  • Leading student management compan
  • Earn 7.5% net per annum after charges.

Contact Us About this Property

Call us on +44 (0)161 337 3890 or Contact Us using the form below

STUDENT & RESIDENTIAL INVESTMENT

STUDENT & RESIDENTIAL INVESTMENT

  • Liverpool City Centre Location - Completed Sept 2017
  • 8.4% Rental Assurance For 2 Years
  • 5% Interest On Funds
  • Management Company In Place
  • Available From £67,967.00

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