Studio for sale in 1 London Road, Newcastle-Under-Lyme ST5

Description

Introducing a fantastic opportunity for investment in the vibrant town of Newcastle Under Lyme - a stylish and contemporary student studio apartment located in an ideal position being close to the town centre and Keele University. This well-designed studio apartment is situated on the top floor of the building, offering privacy and a peaceful living environment.

With 124 years left on the lease, this property offers long-term security and a solid investment opportunity. The ground rent is set at an affordable £350 per year, ensuring minimal financial burden. Moreover, the service charge, which includes bills, is conveniently charged within the tenant's rent.

The studio apartment is specifically designed to cater to the needs of students, offering a comfortable living space with all necessary furniture provided. The well-appointed bedroom, kitchen, and bathroom ensure a cosy and functional living environment.

Apart from the delightful living space, this development boasts a range of communal facilities designed to enhance the student experience. Shared lounges provide a great space to socialize and relax, while communal study areas offer a dedicated space for academic pursuits. The inclusion of a communal gym is a valuable addition. Furthermore, a roof garden provides a serene outdoor retreat for residents to enjoy.

Convenience is key, and this student studio apartment ticks all the boxes. The development features a reception area, ensuring a warm and welcoming atmosphere. Lift access allows for easy mobility within the building, and secure bike storage caters to those who prefer eco-friendly transportation.

The location is ideal, as it is just a short 10-minute journey from both Keele University and the town centre. This proximity to major amenities and educational institutions ensures high demand from students seeking a convenient and comfortable place to live.

As an investor, you can expect an impressive 10% net return on investment, making this studio apartment an attractive prospect for those seeking a lucrative venture in the property market.

In summary, this student studio apartment in Newcastle-Under-Lyme presents an exceptional investment opportunity. With its long lease, affordable ground rent, inclusive service charge, and convenient location, this property offers both financial stability and ease of management. The inclusion of shared lounges, communal study spaces, a gym, and a roof garden provides a well-rounded living experience for students. Don't miss the chance to acquire this ideal investment and secure your foothold in the thriving student accommodation market.

Tenure: Leasehold (124 years)
Ground Rent: £350 per year