Burgess House Newcastle Upon Tyne, 1 Bedrooms Apartment - studio ,For Sale

Burgess House, 93-105 St James Boulevard

Apartment - studio | For Sale

Price £45,000

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1 Bedrooms
1 Reception Rooms
1 Bathrooms
  • Investment Property
  • Student Accommodation
  • First Floor Studio Apartment
  • Tenanted Until August 2019
  • £6,375 Annual Income
  • 11.6% Gross Yield
  • Residents Gym
  • Bike Parking
  • Entertainment Lounge
  • EPC Rating B

Studio Flat

Here is an excellent investment opportunity to purchase a studio apartment in a recently converted five storey student accommodation with secure entry system and concierge front desk with lift and stairs to all floors.

The apartment features fully-fitted kitchen with integrated hob, microwave and extractor hood, space for small dining table and chair.
There is a small study area with desk and chair and double bed with built in bedside table and cupboard. The shower room benefits from a white suite.

Communal areas offer the tenant Entertainment lounge, laundry room, Gym facilities and secure bike storage.

Property is let on a yearly basis by the management company and last year was let at £6,375.00 offering a superb potential yield of 15%. Property is currently let for the next academic year

Sorry floor plan is not available

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Energy Efficiency Rating

Current
Potential
1
1
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
1
1
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

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AGENTS NOTE

Due to property type, this property is only suitable for cash buyers only.

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