Studio for sale in St James Boulevard, Newcastle Upon Tyne NE1

Guide price £56,500
Interested in this property? Call +44 161 937 0434 * or Request Details

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Studio for sale

1

Tenure:
Leasehold
Time remaining on lease:
240 years
Service charge:
£3,416.82 per year
Ground rent:
£282
Council tax band:
Not available

Property features

  • Walking distance to two major universities
  • Leading student property management company in place
  • Two minutes walk to mainline train station

Property description

Pure Investor are delighted to present a tenanted premium student studio for sale in the extremely popular Burgess House, Newcastle.

Located on St James Boulevard, students at Burgess House have the city centre on their door-step and both Northumbria University and Newcastle University are just a 20 minute walk through the city centre.

Burgess House - Investment Highlights
Purchase for just £56,500
Tenanted at £170.00 per week (51 weeks)
7.2% net rental yield
City centre location – popular with students
Array of on-site facilities
Large student premium studio
Close to two leading universities
Leading student management company

51 weeks x £170.00 AST
Ground Rent: £281.72 per annum
Service Charge: £3,416.82 per annum
Lettings Fee: 8.5% plus VAT (£884.34)
Estimated Completion: Completed

With Newcastle Central Station just around the corner, students can also travel to Sunderland in under 30 minutes. Burgess House is home to 110 students each year, offering a range of residencies, including budget-friendly premium studios, to our spacious deluxe apartments.

Purchase Process
Reserve unit with a signed reservation form and pay a non-refundable £2,000 reservation fee
Instruct solicitors
Balance to be paid on completion (less reservation fee paid)
Arrange Viewing

For more information about this property, please contact
Pure, M34 on +44 161 937 0434 * (local rate)

Contact Pure about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pure, and do not constitute property particulars. Please contact Pure for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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