studio flatCorporation Road, Middlesbrough, TS1 1LL

*** Exceptional Yields*** Net Yield 9.78% Excellent buy to let opportunity in the heart of Middlesbrough. This spacious deluxe self – contained studio apartment is fully furnished and tenanted for immediate income. **Financial Performance** Net Yield: 9.78% (51 week let). 8.58% (44 week let). Annual Gross Rent: £5,355 (51 week let). £4,950 (44 week let). Annual Ground Rent: £226.20. Annual Service Charge: £1537.96. Annual Lettings Fee is 11% + VAT: £706.86 (51 week let). £653.40 (44 week let). Annual Net Rent: £2, 883.98 (51 week let). £2, 532.44 (44 week let). Rede House is a fully completed and operational student development situated in the heart of Middlesbrough. Teeside University is less than a 10 minute walk away and Middlesbrough Train Station is just around the corner. The development is fully booked until September 2021. The development comprises of 230 studios and has excellent communal facilities to include; fully equipped gym, cinema room, secure bike area, laundry room and common room. This spacious deluxe studio has been fully tenanted since the opening of the development 6 years ago. The unit is a spacious deluxe self-contained studio, which includes an en-suite shower room, fitted kitchen, study area and double bedroom. The deluxe studio is fully furnished and tenanted for immediate income.