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CONFIDENTIAL
FOR SALE
644899
This well-established student accommodation business boasts ten en suite bedrooms and has consistently attracted tenants due to its prime location directly across from the university. With a strong track record over the past ten years, it has established a reputation for excellence in student housing.
For a decade, the current owner has successfully managed this thriving property, benefiting from a steady demand thanks to its proximity to the university. Being situated near vital amenities such as shops, restaurants, and public services significantly enhances its appeal, ensuring that tenants enjoy convenient access to everything they need.
The competition in this area remains robust, with several other accommodation options for students, yet this property stands out due to its strategic location and quality offering. The ten fully furnished en suite rooms are included in the sale, making it an attractive investment opportunity for prospective buyers looking to enter or expand within the student housing market.
As the owner approaches retirement, they are now looking to pass on this successful business to a new proprietor who can continue its legacy. The property is listed for a freehold price of £400,000, and all stock is included in this sale, providing a comprehensive package for the next owner.
Investment Opportunity
This is a unique opportunity to invest in a well-established and profitable student accommodation business in Middlesbrough, North Yorkshire. With its prime location, impressive occupancy rates, and included fixtures, this property is poised for continued success in the growing student rental market.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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