Studio apartment for sale

Burgess House, St James' Blvd, Newcastle upon Tyne, NE1 4BW

Full description

Size: 21.3 sqm

A perfect cash investment opportunity. Large self-contained studio with contemporary ensuite and fitted kitchenette in popular student development! more info...

This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom. Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.

Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.

Named the best-connected city in the UK outside of London, Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students.

Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. Don’t miss out by letting this great opportunity pass by! Enquire now for more information.

Less info

Key features

Key features Popular student development
Key features Tenanted for 2018/2019 for an instant return
Key features Local to all amenities
Key features Boutique student pod
Key features On site gym
Key features Fully fitted kitchen

Financial Performance*

Purchase price £66,500
Gross rent £6,132
Ground rent £250
Service charge £2,086
Lettings fees £467
Net income £3,328
Gross yield 9.22%
Net yield 5.00%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Studio apartment for sale

Burgess House, St James' Blvd, Newcastle upon Tyne, NE1 4BW,

Purchase price £66,500
Gross rent £6,132
Ground rent £250
Service charge £2,086
Lettings fees £467
Net income £3,328
Gross yield 9.22%
Net yield 5.00%

Full description

A perfect cash investment opportunity. Large self-contained studio with contemporary ensuite and fitted kitchenette in popular student development! more info...

This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom. Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.

Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.

Named the best-connected city in the UK outside of London, Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students.

Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. Don’t miss out by letting this great opportunity pass by! Enquire now for more information.

Key features

TicksPopular student development
TicksTenanted for 2018/2019 for an instant return
TicksLocal to all amenities
TicksBoutique student pod
TicksOn site gym
TicksFully fitted kitchen

Amenities

Bicycle Storage Bicycle Storage
Bus Bus
City Centre City Centre
Close To Public Transport Close To Public Transport

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.