The new Rede House development in Middlesbrough will provide investors with a guaranteed high return of over 9% and will provide luxury student accommodation for the city's 28,000 students.
Manchester, England -- (SBWIRE) -- 01/27/2014 -- Perfectly located just 200 metres from the main campus of Teeside University, the new Rede House development in Middlesbrough is arguably our best located project to date. Just two minutes walk from the campus and three minutes walk from the city centre, the demand for student accommodation in this new high quality development is sure to be high upon launch. Set to be completed in July 2014, Rede House Middlesbrough will comprise of 230 luxury studios, ranging from spacious 16 square metre studios (£33,995.00) up to large one bedroom apartments (£41,995.00).
Rede House will be finished to the very highest standards, and students will benefit from a wide range of communal facilities including a fully equipped gymnasium, state of the art entertainment lounge, laundry rooms and bicycle storage facilities. All studio's will be ensuite, and will be finished internally to the very highest standards.
One of the UK's leading 'new' universities, Teeside was voted University of the Year by The Times in 2009 and has experienced rapid growth since it was granted full university status in 1992. The rapid growth in student numbers however has not been matched by the numbers of available student beds, which currently stands at approximately 1,100 for the city's 28,000 students. This structural undersupply has understandably created a high demand for student beds in the city, something which offers investors in Rede House a high degree of long term security. The development itself is a refurbishment of a major office block on one of cities major roads, overlooking the universities main campus area.
For investors, student property investment in Middlesbrough with the Rede House will offer a guaranteed rental return of 9.5% net for the first two years. This generous return, coupled with the attractive entry price of just £33,995 is set to see strong demand from investors in this superb new development.
About Pure Student Property
Pure Student Property provide fantastic investment opportunities in the student property market for investors, with potential returns of up to 10% in the first two years.
For Media Contact:
Company: Pure Student Property
Contact: Mark Burns
Location: Manchester, UK