Studio for sale in Burgess House, St James' Boulevard, Newcastle NE1
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Property features
- Generate Instant Income
- 7.42% Net Yield
- Popular Student Development
- Excellent Location
- Onsite Gymnasium
- Great Transport Links
- Close By To Local Amenities
- Communal Areas
Property description
Burgess House, St James' Boulevard, Newcastle, Ne1 4Bw
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student development Burgess House in the heart of Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathrooms. Along with this, the development also has communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.
Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by a reputable student lettings company, Xenia Estates, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastleâ€TMs position makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
With its reputation as an economic hub and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. This is a great investment opportunity, so make sure you enquire today to avoid missing out
Property info
For more information about this property, please contact
Yieldit, M50 on +44 161 506 6169 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Yieldit, and do not constitute property particulars. Please contact Yieldit 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.