£1,500,000
21 Bedroom Block Of Apartments Flat
Westmorland Road, City Centre, Newcastle Upon Tyne, NE1
Could this be your next home?
First listed on: 31st January 2024
Nearest stations:
- Newcastle Central (0.2 mi)
- Manors (0.7 mi)
- Dunston (1.4 mi)
- Metro Centre (Gateshead) (2.1 mi)
- Heworth (2.9 mi)
Interested?
Call: See phone number 0191 243 1000
Property Description
INVESTMENT OPPORTUNITY! Fully let block of 18 apartments in Newcastle City Centre.
The block comprises 4no. studio apartments, 11no. 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 ?143,940pa for the 2023-24 academic year, with an ERV of ?155,592pa for 2024-2025.
Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - ?1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various
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Price History
Listed prices are those submitted to us and may not reflect the actual selling price of this property.
| Date | History Details |
|---|---|
| 01/02/2024 | Property listed at £1,500,000 |
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