21 bedroom block of apartments for sale
Key information
Property description & features
- 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
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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Energy Performance data and Internal floor area
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