New on the market. Circa 9.16% net rental yields for 2 years Residential planning permission granted. Built by an experienced developer Conversion of former office block into 110 studio units, complete with communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, designed to cater for the needs of today’s students. As with all Fortis Developments’ properties, Burgess House will be let and managed by an experienced rental management company who will be based on-site, to assist with any queries that residents may have and ensure the smooth day-to-day running of the building. Like the rest of Britain, Newcastle-upon-Tyne is experiencing a severe shortage of housing stock, exacerbated by the demands placed on the local market by the more than 49, 000 students that descend annually into the city, to study at the renowned universities of Newcastle and Northumbria. Why Invest In Student Accommodation? “Student property returns will continue to outstrip traditional asset classes into 2014” - The Knight Frank Student Property Report 2014 Students in the UK now live in shared outdated private houses or lived in substandard university owned halls of residence that lack facilities, security and maintenance. Students today want high quality, new build apartments with en-suite bathrooms, great facilities and security, close to university campuses and amenities, leaving them able to concentrate on what is important; their studies. High quality accommodation is an important factor for a student when going to University. It is a vital part of the education experience, building independence and confidence within their new educational environment, helping them to achieve their full potential in their studies. ‘The student property sector is now worth £200 billion globally, growing faster than ever before’ - The Financial Times 2012
Other Details:
Number of Bedrooms: 1 Number of Bathrooms: 1
Price: 59,995.00 GBP
Keywords:
Investment, High yield, Guaranteed, Rental income, Fully managed, Fully maintained
For more details about this listing please click here to access the webpage provided by listing owner.
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