Burgess House sits in the midst of Newcastle, a bustling student city. This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom.
The development also boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.
Burgess House is ideally located within walking distance from Newcastle University, Newcastle train station and the local Metro light railway station, as well as Newcastle's main shopping centre and all the amenities and the nightlife that Newcastle has to offer. Newcastle has a legendary reputation when it comes to student lifestyle as the huge numbers of young people who flock to the city can attest to.
Newcastle is one of the uk’s biggest and best student cities, with an impressively large student body of more than 49,000 students and an international reputation for innovation and research. There is a huge demand for high quality student accommodation in the city, but unfortunately there is a significant lack of available apartments for students who are looking for the best possible living experience.
Managed by experienced Student Lettings company, Fortis Student Living, Burgess House is the perfect addition to any property investment portfolio with a net Yield of 7.86%.
Gross rent: £6,890 Ground rent: £200 Service charge: £1,932 Lettings fees: £909 Net income: £3,849 Gross yield: 13% Net yield: 7.26%
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.
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