Summary - For Sale: 3-23, Rede House, Corporation Road, Middlesbrough, TS1 1LY TS1 1LY
1 bed 1 bath Commercial Property
**Standout Features:**
- Open plan studio apartment designed for student living
- Excellent location near Teesside University with easy access to amenities
- Fully managed building; potential for an 8-10% return on investment
- Compliant with maintenance standards, monitored by on-site management
- Leasehold with 80+ years remaining (may impact financing options)
- Urban cultural mix with vibrant local amenities
**Summary:**
Presenting a compact yet contemporary studio apartment in Rede House, Middlesbrough, perfect for student rentals or as an investment opportunity. Positioned just minutes from Teesside University, this well-fitted living space boasts designated areas for the bathroom, kitchen, dining, studying, and sleeping, catering to the needs of urban living. With an 8% average return on investment and potential to enhance it to over 10%, this property is a savvy choice for investors looking to capitalize on the local rental market.
However, be advised that the leasehold status, with approximately 80 years remaining, may deter some mortgage lenders, presenting a potential hurdle for financing. The local area does have a high crime rate and is classified as deprived, which may be a consideration for buyers. Nonetheless, the nearby amenities, including shops, cafes, and transport links, ensure convenience and accessibility. This apartment represents an attractive opportunity for those looking to invest in a bustling urban environment—don’t miss your chance to secure a foothold in this vibrant community!
Commercial property for sale in 639 Rede House, Corporation Road, Middlesbrough, North Yorkshire, TS1 — £39,500 • 1 bed • 1 bath
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