24 Westmorland Road Newcastle Upon Tyne, 21 Bedrooms Block of flats ,For Sale

24 Westmorland Road, Newcastle Upon Tyne

Block of flats | For Sale

£1,650,000

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21 Bedrooms
18 Reception Rooms
18 Bathrooms
  • Investment Opportunity
  • £129,696pa ERV 22-23
  • 7.9% Gross Yield
  • Fully Let
  • 21 Bedrooms Over 18 Units
  • Central Location
  • EPC Ratings B-E
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INVESTMENT OPPORTUNITY! Fully let block of 18 apartments in Newcastle City Centre.

The block comprises 4no. studio apartments, 13no. 1 bedroom apartments and 3no. 2 bedroom apartments.

Ideal for student and professional tenants, the block has a central location close to Newcastle Central Station, Life Science Centre, Newcastle Helix and Newcastle University's Business School.

This investment boasts a total gross rental income of £129,696pa for the 2022-23 academic year, with room for further improvements.

Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - £1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various

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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