We are pleased to present this luxury boutique student investment opportunity in Burgess House which is producing a 7.05% net Yield. Located in Newcastle, the development is a former office block which has been transformed into a fantastically popular student hotspot.
The contemporary premium studio comprises of a fully fitted modern kitchen en-suite as well as a study area and smart TV. The development offers great communal areas including an onsite private residents’ gym, laundry room, secure bicycle storage and a fully equipped entertainment lounge all fitting with the sleek opulence of the building.
The popularity of the building helps by it being so 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 experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.
The city of Newcastle has been named the best-connected city in the UK outside of London. Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students. Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. Don’t miss out by letting this great opportunity pass by! Enquirer now for more information.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £6,275 Ground rent: £200 Service charge: £2,086 Lettings fees: £602 Net income: £3,387 Gross yield: 13.07% Net yield: 7.06%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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Full information on Council Tax discount entitlements can be found on the Gov.UK's website.