Studio for sale

Keele House, The Midway, Newcastle ST5

Keele house totalling 160 student units and located in the centre of Newcastle. The touristic town has aprox 300,000 population and has excellent transport links with only 3hour train journey to london. Keele House is close to 2 major university - Keele University and Staffordshire University, where more than 35,000 pupils studying every year. Apartments are fully furnished and has own kitchen and bathroom. Facilities including 24/7 concierge, CCTV, laundry room, cycling storage, gym, it room, games room. Project completed in 2016.

6th floor student unit
125 years lease
• Fully completed and tenanted building
• Return yield 4-5% per annum
• Cash generating immediately
• Hands off and fully managed
• Full legal title
• No stamp duty payable

Tenure: 125 years from new
Ground rent: £350 pa
Service charge: Approx £2500 pa

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