Studio Flat For Sale £75,000
We are pleased to be able to offer the chance for investors to purchase a tenanted studio apartment in this very popular student PBSA development. The development is located in the heart of Newcastle Under Lyme,approximately 0.3 miles south of the town centre, and providing accommodation to students attending Keele University & the Royal Stoke University Hospital.
The apartment comes fully furnished (incl. in purchase price) meaning this is a fully 100% hands free investment opportunity.
This is a full studio apartment, comprising of a bedroom with kitchenette and a desk area, with a separate en-suite bathroom (shower).
Tenants of ONE London road have the benefit of on site gyms, communal lounge rooms with pool tables and flat screen tvs, and roof garden terraces overlooking a park.
There is a huge demand for this type of accommodation in the area as students look for fully enclosed places where they don't have to share kitchen and bathroom facilities normally found in many University campuses.
Apartments in this block are producing a 10% NET yield.
Tenure: Leasehold (125 years)
Ground Rent: £350 per year
Service Charge: £1,750 per year
The apartment comes fully furnished (incl. in purchase price) meaning this is a fully 100% hands free investment opportunity.
This is a full studio apartment, comprising of a bedroom with kitchenette and a desk area, with a separate en-suite bathroom (shower).
Tenants of ONE London road have the benefit of on site gyms, communal lounge rooms with pool tables and flat screen tvs, and roof garden terraces overlooking a park.
There is a huge demand for this type of accommodation in the area as students look for fully enclosed places where they don't have to share kitchen and bathroom facilities normally found in many University campuses.
Apartments in this block are producing a 10% NET yield.
Tenure: Leasehold (125 years)
Ground Rent: £350 per year
Service Charge: £1,750 per year
