Studio Flat For Sale £81,250
Opto Student, City Road, Newcastle Upon Tyne NE1

Hands Off Investment! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

This outstanding student studio apartment is equipped with contemporary fixtures and fittings and provides students with a kitchenette and study space, allowing them to be self sufficient. Residents of Opto benefit from the numerous communal facilities including a social area, resident's only gym, a cinema room and games room.

Opto is ideally located within walking distance from Newcastle University, Newcastle train station and the local Metro light railway station as well as Newcastle's main shopping centre and all the amenities and the nightlife that Newcastle has to offer. Newcastle has a legendary reputation when it comes to student lifestyle as the huge numbers of young people who flock to the city can attest to.

This is a fantastic opportunity to invest in Newcastle’s newest and stylish purpose-built student accommodation. Not only is Opto Student Newcastle in a prime Quayside location with superb views from some of rooms and the rooftop terrace, it has some of the best facilities on the market. Newcastle is one of the uk’s biggest and best student cities, with an impressively large student body of more than 49,000 students and an international reputation for innovation and research. There is a huge demand for high quality student accommodation in the city, but unfortunately there is a significant lack of available apartments for students who are looking for the best possible living experience.

Financial Breakdown

Assured rent: £6,500
Ground rent: Included*
Service charge: Included*
Lettings fees: Included
Assured income: £6,500
Assured until: Jan 2025
Assured yield: 8%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-14731