Studio for sale

The Glassworks, Coquet Street, Newcastle Upon Tyne NE1

The Glassworks Student Accommodation is set across 5 blocks, each 4-5 storeys high with a mixture of en-suite student rooms and self contained studios. Newcastle upon Tyne is a university city on the river Tyne in northeast England has aprox 270,000 population and has excellent transport links with only 4 hour train to London. The Glassworks within walking distance to both University of Newcastle and Northumbria University (55,000 students). All rooms are finished to a high standard and fully furnished, with access to high speed internet. All properties are fully managed by a specialist and reputable national operator for a fully managed hands off investment. Facilities including 24/7 concierge, CCTV, laundry room, cycling storage, gym, it room, games room. Project completed in 2016.

The room is 215.20 sqft /20 sqm including en-suite
995 years lease from Sept 2015
Block E, 1st floor
• Fully completed and tenanted building
• Return yield of aprox 5% per annum
• Cash generating immediately
• Hands off and fully managed
• Full legal title
• No stamp duty payable

Tenure: 995 years from Sept 2015
Ground rent: £850 per year
Service charge: Approx £2500 pa
EPC rating: B

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