Flat 416 Rede House, 63-75 Corporation Road, Middlesbrough, Cleveland, TS1 1LL
- Conditional Online Sale
- Offers in Excess of : £28,000
- Bedrooms: 1
GOTO GROUP ARE PLEASED TO LIST THIS ONE BEDROOM APARTMENT FOR SALE - LOCATED IN MIDDLESBROUGH- TS1
Tenure
LEASEHOLD
Description
Nestled in the vibrant heart of Middlesbrough, Rede House presents a lucrative investment opportunity for those seeking passive income in the lucrative student accommodation market. This well-appointed 1-bedroom student flat offers a hassle-free investment with guaranteed tenancy, providing a reliable stream of income through to the end of the academic year 2025.
Strategically located within close proximity to universities and amenities, Rede House is highly sought-after among students, ensuring consistent demand and full occupancy year-round. This makes it an ideal investment for those looking to capitalize on the lucrative student housing market.
The flat boasts a modern and functional layout, designed to meet the needs of contemporary student living. The accommodation features a comfortable bedroom, a well-equipped kitchenette, and a cosy living area, providing a comfortable and convenient space for residents.
With the property already tenanted and generating rental income, investors can enjoy a hassle-free investment experience with minimal management responsibilities. The existing tenancy agreement ensures a steady stream of rental income until the end of the academic year in 2025, providing peace of mind and financial security.
Furthermore, Rede House offers a range of amenities and facilities designed to enhance the student experience, including communal areas, study spaces, and on-site management services. This adds value to the investment proposition and contributes to the overall appeal of the property to prospective tenants.
Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income stream, Rede House presents an exceptional opportunity to capitalize on the growing demand for student accommodation in Middlesbrough. With guaranteed tenancy and a prime location, this investment promises both financial returns and long-term growth potential.
Lease term: 250 years from 10 March 2014
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
EPC Rating
CURRENT 80/82 POTENTIAL
Comments
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Merchant may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Merchant authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £1,500 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
Loading the bidding panel...
Office Contact
Agreement Documents
Legal Documents
Log in to view legal documentsAdditional Documents
Related Documents
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.