Studio Flat For Sale £32,000
**please note! 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!
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student accommodation Burgess House in bustling Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom. Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.
Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. Don’t miss out by letting this great opportunity pass by! Enquire now for more information.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £6,277
Ground rent: £282
Service charge: £3,151
Lettings fees: £628
Net income: £2,217
Gross yield: 19.62%
Net yield: 6.93%
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-04659
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student accommodation Burgess House in bustling Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom. Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.
Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. Don’t miss out by letting this great opportunity pass by! Enquire now for more information.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £6,277
Ground rent: £282
Service charge: £3,151
Lettings fees: £628
Net income: £2,217
Gross yield: 19.62%
Net yield: 6.93%
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-04659
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