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6 bedroom house of multiple occupation for sale
Borough Road, Middlesbrough, North Yorkshire, TS1
£300,000
Borough Road, Middlesbrough, North Yorkshire, TS1
£300,000
Our Summary
- Fantastic Investment Opportunity - Six Room Student HMO - within Teesside University campus
- Proven gross rental income of circa £40,000 pa with potential for increase
Description
This fantastic investment opportunity presents a six-room student HMO property located within the Teesside University campus, offering a gross yield of 13%. The well-presented property features six generously sized bedrooms, each with its own private ensuite and study space, as well as a spacious open-plan communal living, dining, and kitchen area. The property has a proven gross rental income of circa £40,000 per annum, with potential for increase, making it an attractive investment opportunity. The location is highly convenient, with nearby points of interest including the university, Middlesbrough Institute of Modern Art, Middlesbrough Town Hall, Albert Park, and shopping centers. The property is offered as a 999-year leasehold and the seller is also offering another six-room investment property within the same building.