Osborne Road Newcastle Upon Tyne, 34 Bedrooms Block of flats ,For Sale

Osborne Road, Jesmond

Block of flats | For Sale

£2,800,000

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34 Bedrooms
7 Reception Rooms
13 Bathrooms
  • Student HMO Investment
  • £166,610pa Rent for 2021-22
  • 5.95% Gross Yield
  • 100% let for 2021/22 Academic Year
  • Prime Central Jesmond Location
  • 34 Bedrooms over 7 Units
  • Licensed HMOs
  • Comprehensive Fully Let Rent History
  • EPC Ratings C-D
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A fully tenanted block of 7 HMO apartments located on a prominent and prime position on Osborne Road in Jesmond, ideal for Newcastle and Northumbria University students. The block is fully pre-let for the 2021-22 academic year providing an annual income of £166,610pa

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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

The property is in central Jesmond, set back from the edge of Osborne Road, the main access road through Jesmond and home to several popular restaurants, coffee shops, bars and hotels. Jesmond’s central retail parade on Acorn Road is just 300m away, as is Little Waitrose Store, with Tesco’s approximately 400m away. Jesmond continues to be the top location for many students studying in Newcastle thanks to its enviable reputation for offering the perfect mix of lifestyle, convenience and access to the city centre and its Universities. The HMO market in Jesmond is dominated by well-heeled domestic students looking to make the most of their time living away whilst attending university.

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