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No longer on the market

This property is no longer on the market

21 bedroom block of apartments

Block of apartments
21 beds
18 baths
Added > 14 days

Key information

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Features and description

  • Investment Opportunity
  • £129,696pa gross rental income for the 2022 23 academic year
  • 7.9% Gross Yield
  • Fully Let
  • 21 Bedrooms Over 18 Units
  • Central Location
  • EPC Ratings B C
INVESTMENT OPPORTUNITY! Fully let block of 18 apartments in Newcastle City Centre.

The block comprises 4no. studio apartments, 11no. 1 bedroom apartments and 3no. 2 bedroom apartments.

Ideal for student and professional tenants, the block has a central location close to Newcastle Central Station, Life Science Centre, Newcastle Helix and Newcastle University's Business School.

This investment boasts a total gross rental income of £129,696pa for the 2022-23 academic year, with room for further improvements.

Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - £1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various

Property information from this agent

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About this agent

Seekers Property - Newcastle upon Tyne
Seekers Property - Newcastle upon Tyne
101 Percy Street Newcastle upon Tyne, Tyne & Wear NE1 7RY
0191 563 0819
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For over twenty years, we were known as Walton Robinson. Over the years, our services and focus have changed and as a progressive company, a new name seemed like the best way to move our company forward in order to remain fresh and current. As an established company with two decades’ worth of experience, the Seekers name simply built on our existing equity and continued to position us as the authority on North East property. We are independent property experts in the North East. Our local and regional insider knowledge means we know this area like the back of our hand and with decades of experience in the property market, our dedicated team is here to guide you through the entire process
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