1 bed flat for sale

Westgate Road, Newcastle Upon Tyne NE1

Property Reference number : 712575

Unique Opportunity to purchase a large student flat in a custom built, fully managed building directly opposite Newcastle Central Train Station. This is a ‘hands off’ investment as the property management company ensures 100% occupancy with guaranteed returns year on year. The management company takes care of all maintenance bills, repair bills, replacement furniture or replacement electrical appliances bills, collection of all rental payments from the tenants, furtermore there are no 'down periods/no occupancy' as the returns are guaranteed. The guaranteed returns are 5% which are paid directly to the owner in three installments annually. This property was originally purchased 'off plan' and represents a rare opportunity benefiting from the guaranteed returns of 5% per annum with no active participation or additional cost on behalf of the owner.

Council Tax: A

Current Length Of Lease Remaining: 99 Years

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Property Reference number : 712575