The Midway, Newcastle-Under-Lyme ST5 1 bed flat for sale

Nicholas Humphreys present this modern purpose built student studio apartment located in the town centre of Newcastle-under-Lyme. The building is within the Keele University catchment whilst benefiting from being located in heart of the town centre offering a range of amenities for student living.

This upper floor studio apartment provides ideal student accommodation and includes an open plan living space with kitchen area and bedstead, wardrobe and desk. The apartment also includes a shower room and storage.

The Metropolis (or The Met) has a concierge desk at the main entrance with individual post boxes and also offers students communal facilities including seating and study area, laundry room and bicycle storage. A lift as well as stairs provide access to the upper floors.

Offered for sale with tenants in situ on a 51 week term with a Gross income of £151 per week or £7701 per year.

Current rental income £151 per week on 51 week term, total gross income £7701

Council tax band A - students exempt.
EPC rating B

Leasehold 250 years from 1 January 2020.

Service charge approx. £1630 per annum.
Ground rent £300 per annum.

Management fee 8.5% including VAT
Average return approx. 6%.

Images show a similar apartment and are not of the apartment for sale

EPC rating: B. Tenure: Leasehold,

Rooms

Living Space 3.01m x 6.07m (9'11" x 19'11")
Wooden entrance door

Kitchen area Not provided
Fitted units to wall and base level with work surface and breakfast bar incorporating a stainless steel sink and drainer with mixer tap, 2 ring electric hob, glass splash back, integral fridge, integral microwave, under unit lighting, inset ceiling light points, door to shower room, door to storage.

Living area Not provided
UPVC double glazed window and UPVC double glazed door, wall mounted electric heater, desk, wardrobe, bedstead, inset ceiling light point. wall light point.

Shower Room Not provided
Suite comprising concealed cistern W/C, wall mounted wash hand basin with mixer tap, shower enclosure with folding glazed door and wall mounted mains shower, part tiled walls, wall mirror, shaver point, inset ceiling light point and extractor.

Communcal facilities Not provided
The building includes a main entrance with post boxes, concierge, stairs to upper floors and lift. There are also communal sitting areas, laundry room and bicycle store room.

Agent Notes Not provided
Current rental income £151 per week on 51 week term total gross income £7701 Council tax band A - students exempt. EPC rating B Images show a similar apartment and are not of the apartment for sale. Service charge approx. £1630 per annum. Leasehold 250 years from 1 January 2020. Management fee 8.5% including VAT. Ground rent £300 per annum. Average return appox 6%.

Nicholas Humphreys are a national independent Estate and Letting Agents. As well as property sales and professional lettings we also specialise in student lettings in the university towns where we operate. White Kite Ltd T/A Nicholas Humphreys Estate Agents are members of the NAEA, ARLA and the Property Ombudsman. The directors of Nicholas Humphreys are all actively involved in the daily running of the company. We take pride in being a people business and as such we recruit motivated and enthusiastic people with a passion for working in the property industry and invest in training and on-going staff development. We operate a graduate training scheme for talented bright youngsters. In all property transactions we place a particular emphasis on high ethical standards and the importance of listening to clients requirements. This helps us to better match buyers and tenants to properties. Our valuers have a detailed knowledge of their local market, particularly of local demand, with valuations based on fact, not a sales hyperbole or what the client ‘wants to hear’. Nicholas Humphreys also trades as Barkers estate & letting agents in Leicester. Our success is based on personal service and attention to detail. Landlords and people wishing to sell their property who would like to place their business with us are welcomed to take advantage of our free valuation service.

1 bedroom flat for sale

Key information

Features and description

Rooms

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