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Burgess House in Newcastle For Sale With 9.1% ROI

£59,995

Reference:
NUTKK
Type:
Apartment
Location:
United Kingdom
City:
Newcastle
Bedrooms:
1
Bathrooms:
1

Burgess House in Newcastle is set in a great new development offering 9.1% assured rental for year one consisting of a five-story development located on St. James Boulevard, in the midst of all that the city has to offer.

 

A conversion of a former office block, the building will be transformed into 110 studio units, complete with communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, designed to cater for the needs of today’s students.

 

Like the rest of Britain, Newcastle-upon-Tyne is experiencing a severe shortage of housing stock, exacerbated by the demands placed on the local market by the more than 49,000 students that descend annually into the city, to study at the renowned universities of Newcastle and North Umbria.

 

Within walking distance of the city center and Newcastle United football ground, not to mention both university campuses, students living at this great project also have access to excellent local and national transport links, to allow them to explore their new home away-from home.

Property Features

  • 9.16% Assured rental for the first two years
  • Residential planning permissions already granted
  • Built by an established developer
  • Completion by June 2015
  • 250 years leasehold
  • Newcastle Central Metro (0.3 miles)
  • Eldon Square Shopping Centre (0.5 miles)
  • Newcastle Business School (0.5 miles)
  • St James’s Park (0.6 miles)
  • Newcastle University  (0.9 miles)
  • North Umbria University (1.1 miles)