£300,000
(£4,545.45/sq. ft)
Industrial for sale31 Albert Street, Newcastle ST5
From 66 - 1,252 sq. ft
EPC Rating: D
Freehold
About this property
En-suite bathrooms in all the bedrooms
Scope to generate a gross income of around £60,000 per annum
Close to Royal Stoke Hospital with excellent transport links
EPC: 56 (Band D)
Description
A substantial two-storey solid brick-built property, finished with painted render and surmounted by a pitched clay tiled roof. This vacant property comprises nine generously proportioned en-suite bedrooms, offering an
exceptional opportunity for conversion or refurbishment to maximise income potential. Conveniently located within close proximity to the Royal Stoke University Hospital, the property also benefits from excellent transport links to both Keele University and Staffordshire University, making it ideally suited for student or key worker accommodation. Upon renovation, the rooms are anticipated to command rental income in the region of £500 to £600 per room per calendar month, presenting a highly attractive yield for discerning investors.
Location
The property is located on Albert Street, approximately 0.3 miles east of Newcastle-under-Lyme town centre and within 1.2 miles of Royal Stoke University Hospital. The area is well connected via the A527 and A34, with a mix of residential and commercial uses nearby.
VAT
The sale price is not subject to VAT.
Tenure
Freehold.
Services
All mains services are connected. Gas fired central heating installed. No services have been tested by the agents.
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. Photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
A substantial two-storey solid brick-built property, finished with painted render and surmounted by a pitched clay tiled roof. This vacant property comprises nine generously proportioned en-suite bedrooms, offering an
exceptional opportunity for conversion or refurbishment to maximise income potential. Conveniently located within close proximity to the Royal Stoke University Hospital, the property also benefits from excellent transport links to both Keele University and Staffordshire University, making it ideally suited for student or key worker accommodation. Upon renovation, the rooms are anticipated to command rental income in the region of £500 to £600 per room per calendar month, presenting a highly attractive yield for discerning investors.
Location
The property is located on Albert Street, approximately 0.3 miles east of Newcastle-under-Lyme town centre and within 1.2 miles of Royal Stoke University Hospital. The area is well connected via the A527 and A34, with a mix of residential and commercial uses nearby.
VAT
The sale price is not subject to VAT.
Tenure
Freehold.
Services
All mains services are connected. Gas fired central heating installed. No services have been tested by the agents.
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. Photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
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