This is a fantastic cash investment opportunity offering a 10.6% net yield. The property is a premium studio apartment located on the 5th floor of the popular Rede House development, tenanted until September 2025 with 100% occupancy. The studio apartment is fully furnished and comprises an open-plan bedroom and living space, kitchenette, and an ensuite bathroom. The property generates a significant income, with rental income of £7,140 per annum on a 51-week contract, service charge of £2,556.77 per annum, ground rent of £250 per annum, and lettings fee of £942.48 per annum. The net income is £3,390.75 per annum, resulting in a 10.6% net yield. The property is located in a prime area, with Middlesbrough City Centre, Teesside University, and Middlesbrough Train Station within easy reach. This is an excellent opportunity for first-time investors or those looking to add to their portfolio.