Borough Road, Middlesbrough
£900,000

Clarke Munro are delighted to introduce this incredible investment property in a prime TS1 location, along from the University Campus and within walking distance to the town centre. Benefitting from full-refurbishment throughout and finished to a high standard, the property consists of fourteen studios. All studios have en-suites, kitchenettes, their own heating controls and their own electric meter. The building achieves an income of over £100,000 per annum. (Approx £111,000 when full giving a potential gross yield of 12.4%) . The property further benefits from a communal laundry room with washing and drying faciities, and outside space to the rear of the building. The landlord does pay the electric, water, TV Licence and WIFI bills. The property is managed by TS1 Student Accommodation who will be happy to assist with any enquiries.