Studio for sale in Stockton-on-Tees, TS17
Mandale Road, Thornaby, Stockton-on-Tees, TS17£64,995
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Full Details for Studio for sale in Stockton-on-Tees, TS17 :
- Luxury Studio Apartments
- 10% Net rental yield guaranteed for 3 years
- Just 50 yards away from Queen’s Campus, Durham University
- 5% interest paid on all deposited funds
- Award winning developer and management company in place
- Fully furnished
- A hassle free investment with full property management
- June 2016 Build Completion
- 125 Year Lease
- Fantastic student location
Stockton-on-Tees is a growing borough. Characterised by its industrial heritage and framed by rugged coastline and beautiful moorland with the winding River Tees at its heart.
Today Stockton-on-Tees has leapt forward economically. So much so that Stockton had one of the fastest growing economies in the North East in 2014, according to figures from RBS. The Town Centre alone recently completed its own regeneration worth £38 million.
With an increasing student population and more regeneration happening in the town, people are looking to move into more modern purpose built accommodation. Making Stockton-on-Tees an ideal area for property investment.
Just under a 10 minute walk away from Durham University’s Queens Campus is The Rocket. It offers 218 studio apartments fully furnished to a high specification. A modern living space providing all of the contemporary comforts.
The Rocket will consist of 218 luxury fully furnished studio units. It is perfectly placed to meet the increasing demand for purpose built student accommodation, whilst at the same time providing investors with a fantastic income generating opportunity.
The Rocket will offer tenants the sole use of a modern gym, luxury cinema room, games room, and concierge service.
Investors will benefit from a 10% net rental yield, guaranteed for 3 years. Additionally there will be 5% interest paid on all deposited funds, making this truly an opportunity not to be missed.
This is a completely ‘hands off’ opportunity for all investors, with all units being fully managed by an experienced management company.
With flexible payment plans in place, the demand for this development has already been high, and is expected to sell quickly. Please fill out the form below to find out additional information and unit availabilities.
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