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No longer on the market

This property is no longer on the market

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21 bedroom block of apartments

Block of apartments
21 beds
18 baths
Added > 14 days

Key information

TenureLeasehold | 986 yrs left
Service charge£2,142.18 per annum
Council taxAsk agent
Mobile signal
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Features and description

  • Tenure: Leasehold (986 years remaining)
  • Investment Opportunity
  • £143,940pa gross rental income for the 2023-24 academic year
  • 9.6% Gross Yield
  • Fully Let
  • Consistent History Of Being Fully Let
  • £155,592pa ERV 24/25
  • Gross Yield Increasing To 10.4%
  • Central Location
  • 21 Bedrooms Over 18 Units
  • 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 £143,940pa for the 2023-24 academic year, with an ERV of £155,592pa for 2024-2025.

Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - £2,142.18 (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
Full profileProperty listings
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 decad... Show more
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