St. James Street Newcastle Upon Tyne, 46 Bedrooms Block of flats ,For Sale

St. James Street, Newcastle Upon Tyne

Block of flats | For Sale

Offers In Excess Of £3,500,000

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46 Bedrooms
14 Reception Rooms
46 Bathrooms
  • Purpose Built Student Accommodation Investment – Built in 2017
  • Prime City Centre Location
  • Adjacent to the successful 331 bed Vita Student Newcastle development
  • Fully let high yielding income off a low average rent of £128 pppw
  • 46 beds being a mix of 4 and 5 bed apartments as well as studios
  • Benefiting from a Premier Warranty
  • Gross income of £306,210 per annum
  • Seeking offers in excess of £3,500,000, providing a gross yield of 8.75% (a low £76,087 per bed)

Purpose Built Student Accommodation // Prime City Centre Location // 46 beds // Fully Let for 2019/20 Academic Year // £306,210 Gross Income

Energy Efficiency Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

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Situation

St James’ View is centrally located in the city being adjacent to St James Park, home of Newcastle United Football Club. The property is less than a 5 minute walk from Newcastle University’s state of the art Business School on Barrack Road as well the Newcastle Helix development off St James Boulevard, which is being led by a partnership between Newcastle City Council , Newcastle University and Legal and General. Newcastle Helix is the City’s flagship development and is the only city centre quarter of its kind in the UK. When fully developed, hundreds of researchers, businesses and progressive homeowners will live and work side by side, close to food, drink and entertainment venues and areas of public realm. The main Newcastle University and Northumbria University campuses are a 5 minute and 10 minute walk respectively. St James Park metro station is a one minute walk from the property, with Haymarket Bus Station less than a 5 minute walk. The property is located in a popular student rental area with other PBSA providers such as Vita and Student Roost nearby and offers a more affordable alternative whilst remaining a premium offering.

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