MapGuide price
£56,500Studio for sale
St. James Boulevard, Newcastle upon Tyne NE1
Studio
1 bath
247 sq ft / 23 sq m
EPC rating: C
Key information
Tenure: Leasehold | 240 yrs left
Ground rent: £282 per annum | review period: unconfirmed
Service charge: £3,417 per annum
Council tax: Ask agent
Broadband: Super-fast 108Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold (240 years remaining)
- Fully tenanted and managed student studio
- Currently tenanted at £170.00 per week
- Earn £4,086.00 NET rental income per annum
- Close proximity to two leading universities
- Two minutes walk to mainline train station
Pure Investor are delighted to present a tenanted premium student studio for sale in the extremely popular Burgess House, Newcastle.
Located on St James Boulevard, students at Burgess House have the city centre on their door-step and both Northumbria University and Newcastle University are just a 20 minute walk through the city centre.
Burgess House - Investment Highlights
- Purchase for just £56,500
- Tenanted at £170.00 per week (51 weeks)
- 7.2% NET rental yield
- City centre location – popular with students
- Array of on-site facilities
- Large student premium studio
- Close to two leading universities
- Leading student management company
- 51 weeks x £170.00 AST
- Ground Rent: £281.72 per annum
- Service Charge: £3,416.82 per annum
- Lettings Fee: 8.5% plus VAT (£884.34)
- Estimated Completion: Completed
With Newcastle Central Station just around the corner, students can also travel to Sunderland in under 30 minutes. Burgess House is home to 110 students each year, offering a range of residencies, including budget-friendly premium studios, to our spacious deluxe apartments.
Purchase Process
- Reserve unit with a signed reservation form and pay a non-refundable £2,000 reservation fee
- Instruct solicitors
- Balance to be paid on completion (less reservation fee paid)
About this agent
Pure Investor - Pure investor
The Forum
Tameside Business Park, Windmill Lane, Denton, Manchester
M34 3QS
0161 506 6487About Pure Why should you consider purchasing through Pure Investor? We're passionate about the buy-to-let property market in the UK, and feel it has a genuine claim to be an integral part of any investment property portfolio. We work hard to bring our clients the most accurate and up to date information on each project we offer. This includes aftersales, bringing you regular updates on the progress of your development. Our location in Manchester allows us quick and easy access to the developments we offer. We don’t rely on others, we regularly go and visit the developments we sell. Over half of our business today is based on referrals from existing clients. This is something we are incredibly proud of, and which we are keen to continue and improve on. Our offices are situated in Manchester, in the north west of the UK. Our client base is global, as we work with a large network of investors from destinations including the UK, Hong Kong, Malaysia, Singapore, China United Arab Emirates and India on a daily basis. If you are thinking of purchasing a buy-to-let property for investment purposes, why not contact us today to discuss your requirements in more detail? We look forward to speaking with you!