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12 bedroom house of multiple occupation for sale
Borough Road, Middlesbrough, North Yorkshire, TS1
£600,000
Borough Road, Middlesbrough, North Yorkshire, TS1
£600,000
Our Summary
- Fantastic Investment Opportunity - Six Room Student HMO - within Teesside University campus
- Proven gross rental income of circa £80,000 pa with potential for increase
Description
This fantastic investment opportunity is a six-room student HMO property located within the Teesside University campus, offering a gross yield of 13%. The property features 12 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. With a proven gross rental income of circa £80,000 per annum, the property has potential for increase, making it an attractive investment opportunity. The property is situated near various points of interest, including Teesside University, Middlesbrough Institute of Modern Art, Middlesbrough Town Hall, Albert Park, Cleveland Centre, and Hillstreet Shopping Centre, as well as Middlesborough train station. The property is offered as a 999-year leasehold with an EPC rating of C.