2 bed flat for sale

The Bar, St James Gate, Newcastle Upon Tyne NE1

Designed by Dewjoc Architects, and constructed by Persimmon Homes in the early Millenium, The Bar occupies a super-central city address, close to Newcastle Central Station and Newcastle Helix, and with good access to universities, Newcastle College, and all City Centre amenities. Arranged around a central courtyard, the apartments enjoy convenient lift access, and car parking close-by. Currently let until April 2026, this seventh floor apartment generates a rent of £1,000 per calendar month, and an approximate yield of 7.5% (after service charge payments). The property includes a Communal Entrance, a Private Reception Hall with a built-in cupboard, an open-plan Living Room / Dining Room and Kitchen Area with direct access to a balcony with impressive city views, a Main Double Bedroom with an En-Suite Shower Room, a Second Bedroom, and a Bathroom. With electric heating, and double glazing, viewing is highly recommended. Currently let at £1000 per calendar month until April 2026, the property may be sold with the furniture included, offering a ready-to-let opportunity for investors.
Material Information:
Council Tax Band - C
Service Charge - £2,920 per annum
Ground Rent - £350 per annum
Lease - 104 years remaining
Management company - Trinity Estates