Newcastle is a popular student city, now home to over 49,000 students from the University of Newcastle and Northumbria University, fueling demand for purpose built student accommodation (PBSA). Both universities saw a large increase in applications from 2012 to 2013, rising 12.5% and 11.5% respectively. Both universities are located within 1-mile of the property, within walking distance.
Availability is strictly limited, therefore we advise investors to act promptly to avoid disappointment.
The development is comprised of 110 self-contained studio apartments, which feature a kitchenette, en-suite shower rooms and are furnished. There are also excellent communal facilities, including an entertainment room, gym, bicycle storage and laundry facilities. The studio apartments are fully managed by a specialist national student accommodation operator, with a proven track record of 100% occupancy across their portfolio of UK student properties.Completion: June 2015
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Newcastle is an exceptional city to invest in student property, with an undersupply of purpose built student accommodation highlighted by Knight Frank in their 2014 report.
This excellent student accommodation investment provides self-contained studio apartments from £59,995 with 9% NET returns that are contractually guaranteed for 2 years, within 1-mile of two large universities.
The planning permission for this development has been granted for residential properties; therefore investors have the benefit of a traditional exit strategy, with the ability to re-sell through a high street estate agent. Investors may also be able to raise finance on their property post completion, subject to status, enabling the release of capital.
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