Flat for sale in Borough Road, Middlesbrough, North Yorkshire TS1

Ashbrookes are delighted to bring this rare 4-bedroom student flat and commercial shop to the market with us.

The ground floor currently comprises of a hair salon which has been done to an immaculate standard by the current tenant. The salon consists of a large open plan space followed by a WC & utility room. The salon is rented out for £700pcm, no bills are included within this price.

The upstairs flat has been rented out to students for the last 2 years with an income of £750pcm. All students attend Teesside University which is a 30 second walk away making this flat the perfect location for future tenants. Borough Road top flat comprises of an open plan reception room & kitchen, bathroom & 4 large bedrooms. The students within this property also pay for their own bills which are split between them except council tax as they are exempt.

The return achievable at asking price would be 8.7%. We would recommend renting out each room in the above flat on a room-by-room basis to maximise your income and look to achieve £375pcm per room.

(Please note if you are purchasing with a mortgage, you will have your mortgage figure to take out of the above figure per month. At Ashbrookes we cap our bills at £20pw per room – if the tenants are to go over, we recharge the extra amount used to the tenants)

*Photos are available upon request of the salon*

To arrange a viewing or seek further information, please call us on option1.

Viewings are tuesdays & thursdays for this property