£975,000
1 bed flat for saleTemple Street, City Centre, Newcastle Upon Tyne NE1
1 bed
1 bath
1 reception
Property Talk Management
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About this property
Fully occupied 7-property portfolio (11 rooms)
Gross annual rental income: £86,520
Prime Newcastle city centre locations
Mix of 1,2, and 3-bedroom apartments
Turnkey investment with immediate rental income and strong growth potential
Potential gross yield 10.3% (after rent increases)
Gross yield: 8.9%
Description
Prime City Centre Investment Portfolio - Newcastle Upon Tyne
A rare opportunity to acquire a fully occupied 7-property portfolio in Newcastle city centre, comprising 11 rooms across high-demand locations. The portfolio generates a gross annual rental income of £86,520 (before expenses) with a gross yield of 8.9%.
Portfolio Includes:
- 3 × 1-bedroom apartments - City Gate, St James' Blvd, NE1 4DL
- 1 × 2-bedroom apartment - The Chare, NE1 4DD
- 1 × 2-bedroom apartment - The Open, NE1 4DB
- 1 × 1-bedroom apartment - The Paintworks, Rutherford St, NE4 5DP
- 1 × 3-bedroom apartment - Peel House, Temple Street, NE1 4BP
Key Features:
- All properties fully occupied with immediate rental income
- Prime city centre locations with strong tenant demand
- Excellent potential for capital growth
- Turnkey investment with diversified property mix
- Potential to increase rents to achieve gross yield 10.3%
This portfolio offers a high-yield, low-maintenance investment in Newcastle's thriving rental market - ideal for buy-to-let investors seeking income and long-term growth.
*All relevant documentation, including EPCs, tenancy agreements, and safety certificates, is available upon request.*
Tenure: Leasehold
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