+44 20 3608 1267

Student apartments in a new complex in Newcastle upon Tyne with a 8% yield

65,000 £
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Total area: 20 m² Yield: 8.0%
  • Built in 2015
  • Internet
  • TV

It is a rentable student apartment in newly built complex, specially designed for the accommodation of students.

Description

The area of the apartment is 20 m².

The residents will be provided with:

  • kitchen;
  • bathroom;
  • equipped workplace;
  • furniture;
  • game room;
  • TV;
  • Internet connection.

Tenure: Leasehold to 995 years.

The apartment is leased out management company.

There are other apartments for sale ranging from 15 to 20 m² with prices ranging from £55,000 to £65,000.

Financial performance

Absolute income is £5,200.

The current yield of 8%.

VAT free.

Tenants

Tenant is a well-known management company CRM, serving more than 3,700 apartments.

The occupancy of apartments rented by the company is up to 99%.

Location

The property is situated in 15 minutes by walk from the city center.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in Tyne and Wear
+44 20 3608 1267
Free advice on real estate in Tyne and Wear
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    • Bank financing from 2% annually
    • Construction site audits
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