This is a fantastic cash investment opportunity to purchase a 2nd Floor PREMIUM studio apartment in the popular Rede House student development, generating a net yield of 8.6% per annum. The property is fully let for the next academic year 2023/24 and has a confirmed tenancy, with a rental income of £6,630 per annum and a net income of £3,018.29 per annum. The apartment is located in Middlesbrough City Centre, within walking distance to Teesside University and Middlesbrough Train Station, offering easy access to public transport links. The property has a deed of variation in place, ensuring no doubling of ground rent, and comes with a low entry price, making it an ideal investment opportunity.