Flambard Williams present a fantastic opportunity to own a luxury studio in Middlesbrough which provides an income of circa 9% per year. Each studio has its own kitchen, bathroom and study area, and also provides access to the building’s onsite gym, cinema and entertainment rooms.
Rede House is a 240 unit student accommodation building based in Middlesbrough. The property was completed by Fortis Developments to a very high standard; facilities include a gymnasium, cinema room, communal lounge, cycle storage and laundry facilities.
The property is just a short walk from Teesside University and the city’s shops, restaurants, bars and central station. The great location, coupled with fantastic facilities makes Rede House ideal for savvy property investors.
Regional cities such as Middlesbrough, have a severe shortage of quality rental accommodation and can therefore command higher than average yields in the student property sector.
This apartment offers circa 9% compared to a 6% national average and confirming the current trend of students preferring PBSA over traditional housing, Rede House has been 100% occupied since it was completed back in 2014.
Rede House is a hands free investment, with all management, letting and maintenance of the building handled through Fortis Student Lettings. Investors simply sit back and receive quarterly income payments.