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 2018-19. 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 and we confirm that a tenant is in place for the academic year 2018-2019. As a Premium Studio, this unit is booked for the academic year at 44 weeks at £115.00 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 Deluxe studio - 20 square metres 2018-19 contract (44 weeks at £115.00) £3068 net per annum 8.76% 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
Property descriptions and related information displayed on this page are marketing materials provided by Hopwood House. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hopwood House for full details and further information.
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