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£1,650,000
Westmorland Road, City Centre, Newcastle Upon Tyne, NE1
- 21 beds
£1,650,000
- 21 beds
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INVESTMENT OPPORTUNITY! Fully let block of 18 apartments in Newcastle City Centre.
The block comprises 4no. studio apartments, 11no. 1 bedroom apartments and 3no. 2 bedroom apartments.
Ideal for student and professional tenants, the block has a central location close to Newcastle Central Station, Life Science Centre, Newcastle Helix and Newcastle University's Business School.
This investment boasts a total gross rental income of ?129,696pa for the 2022-23 academic year, with room for further improvements.
Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - ?1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various
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£1,650,000
21 bed property for sale
Westmorland Road, City Centre, Newcastle Upon Tyne, NE1
INVESTMENT OPPORTUNITY! Fully let block of 18 apartments in Newcastle City Centre.
The block comprises 4no. studio apartments, 11no. 1 bedroom apartments and 3no. 2 bedroom apartments.
Ideal for student and professional tenants, the block has a central location close to Newcastle Central Station, Life Science Centre, Newcastle Helix and Newcastle University's Business School.
This investment boasts a total gross rental income of ?129,696pa for the 2022-23 academic year, with room for further improvements.
Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - ?1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various