Studio Flat For Sale
£71,500
Apartment 56, Orme House, Orme Road, Newcastle
Description
Identifying the huge demand for student accommodation in the area, Abode, the developer, successfully refurbished this former school into a mixture of studios and 2 bedroom apartments. This tenanted studio apartment comes fully furnished and a new tenancy has been agreed at £145pw on 51 weeks. Having been let 95% since completion of the build shows how popular this development has been. Ideal for an investor looking for a totally hands free, stress free, income generating investment.
Tenure: Leasehold (250 years)
Ground Rent: £350 per year
Service Charge: £1,750 per year