Westmorland Road, City Centre, Newcastle Upon Tyne
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£1,500,000
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Key Features
INVESTMENT OPPORTUNITY! Fully let block of 18 apartments in Newcastle City Centre.
The block comprises 4no. studio apartments, 11no. 1 bedroom apartments and 3no. 2 bedroom apartments.
Ideal for student and professional tenants, the block has a central location close to Newcastle Central Station, Life Science Centre, Newcastle Helix and Newcastle University's Business School.
This investment boasts a total gross rental income of £143,940pa for the 2023-24 academic year, with an ERV of £155,592pa for 2024-2025.
Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - £1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various
The block comprises 4no. studio apartments, 11no. 1 bedroom apartments and 3no. 2 bedroom apartments.
Ideal for student and professional tenants, the block has a central location close to Newcastle Central Station, Life Science Centre, Newcastle Helix and Newcastle University's Business School.
This investment boasts a total gross rental income of £143,940pa for the 2023-24 academic year, with an ERV of £155,592pa for 2024-2025.
Leasehold - 999 years from 01/01/2011
Ground Rent - One Peppercorn
Service Charge - £1,892.62 (Inc. VAT) per quarter
Council Tax Band - Various
