190 Linthorpe Road Middlesbrough, 15 Bedrooms Block of flats ,For Sale

190 Linthorpe Road, Middlesbrough

Block of flats | For Sale

£800,000

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15 Bedrooms
10 Reception Rooms
10 Bathrooms
  • Investment Opportunity
  • 10no. Residential Apartments
  • £70,620pa Income 2020-21
  • £72,600pa Proposed Income 2021-22
  • 8.8% Gross Yield, rising to 9%
  • 7no. 1 bed Apartments
  • 3no. 2 bed Apartments
  • Central Middlesbrough Location
  • Close to Teesside University
  • EPC Ratings Available on Request
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Fully let self-contained block of 10 apartments located in Middlesbrough Town Centre. The block comprises of 7no. 1 bedroom apartments and 3no. 2 bedroom apartments with a total gross rental income of £70,602 and rising to £72,600 for the 2021-22 academic year.

Energy Efficiency Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

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Location

Middlesbrough is a town located on the south bank of the River Tees in the North East of England, it lies 125 miles south of Edinburgh and 215 miles north of London. The town is part of the Teesside conurbation along with Stockton, Redcar & Thornaby, with a total combined population of 376,633 (2011 Census). Middlesbrough is well served by public transport with plentiful local bus services throughout the north east as well as regional rail links to Newcastle and Darlington for access to main line services on the East Coast main line to London and Edinburgh. Middlesbrough is served by the A19 and A66 trunk roads linking to the A1 for access north and south. Teesside Airport is also nearby, with links to Amsterdam, London, Belfast and Aberdeen as well as summer holiday destinations after recent investment by the local government to boost connections. Teesside University has its main campus in Middlesbrough town centre, with ambitions to grow its student numbers with £300m to be spent on the campus between 2017 and 2027. The town was historically a centre for heavy industry along the River Tees, with some industry still in place and major plans for regeneration helped by confirmation that the Treasury North is to be based in Middlesbrough as well as other investments in the renewable energy industry planned. The local James Cook hospital is also a major employer in the town.

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