Studio Flat For Sale
£67,775
Apartment 36, 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.
Apartment 36 is tenanted, 8.87% NET inc ground rent
£169pw x 51wks / £8,619pa 2023 / 24 academic year
Ideal for an investor looking for a totally hands free, stress free, income generating investment.
Images are from different units in the development and may not be the actual apartment for sale. Please check with your consultant for the full details
Tenure: Leasehold (245 years)
Ground Rent: £350 per year
Service Charge: £2,000 per year