Guide price
£25,000
1 bed flat for sale
Corporation Road, Middlesbrough TS1Auction
1 bed
1 reception
EPC Rating: C
Key information
Tenure
Council tax band
A
About this property
Being Sold via Secure Sale online bidding. Terms and Conditions apply.
Tenant in situ 170.00 pw
One Bedroom
One Bathroom
Fully equipped kitchen
Cosy living area
Summary
Nestled within the centre of Middlesbrough and within close proximity to the University and local amenities, Rede House is the perfect investment.
This one bedroom, one bathroom flat offers a modern design and layout, perfect for student living. The flat also benefit from a fully equipped kitchen and a cosy living area.
Additionally, the development has a communal area, study space and management services on site, making living in Rede House both easy and convenient for students.
Already tenanted by students and generating a rental income of 170.00 pw, this investment is one not to be missed. The existing tenancy 29th August 2024 and a new tenancy will start on the 6th September 2024 until 10th July 2025. This highly sought after development is very popular among students, ensuring there is consistent demand all year round.
Whether you are looking to expand your portfolio or you are a first time investor, this investment opportunity is one not to be missed!
With the demand for student accommodation growing in Middlesbrough, this investment provides a guaranteed tenancy with a great return.
Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 240
Annual Ground Rent Amount: 229.00
Annual Service Charge Amount: 3,389.00
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
More information
Listed by
Pattinson - Auctions
![](https://st.zoocdn.com/zoopla_static_agent_logo_(503635).png)