Flat for sale

Overview

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply! We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student development Burgess House in the heart of Newcastle. This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathrooms. Along with this, the development also has communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play. Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by a reputable student lettings company, Xenia Estates, Burgess House is the perfect addition to any property investment portfolio. Named the best-connected city in the UK outside of London, Newcastleas position makes it a key location for students, so the demand for accommodation such as Burgess House is always growing. With its reputation as an economic hub and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. This is a great investment opportunity, so make sure you enquire today to avoid missing outFinancial BreakdownGross Rent: £8,670.00Net income: £3,710.56Gross yield: 17.34%Net yield: 7.42%Please contact agent for full financial breakdown.IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.yieldit ref: YL-07730 For more details and to contact: https://realtyww.info/flats_st-james-boulevard-d597796/for-sale_i71021512

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