Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Fully managed student development
- Earn estimated £8,475.00 net per annum
- Leading student management company in place
- High specification, river view unit
- Currently tenanted at £260.00 per week
Perfectly situated in the heart of Newcastle city centre, and offering easy access to two leading universities (Newcastle University and the University of Northumbria), the superb new OPTO Newcastle building epitomises the very best of luxury, high specification student accommodation. As well as offering easy and convenient access to the cities two universities, OPTO Newcastle is situated just a short walk from the cities main entertainment and retail districts, in particular the hugely popular Quayside area, which is just two minutes walk from the main OPTO Newcastle building.
OPTO Newcastle - Investment Highlights
- Deluxe Riverside Student Studio
- Current Rental - £260.00 per week
- 51-week tenancy (8th Sept 23 - 30th Aug 24)
- Estimated gross rental income per annum - £13,260.00
- Estimated net rental income per annum - £8,475.00
- 8.0% net rental yield
- Highly experienced student management company
- Hands-free, fully managed investment
OPTO Newcastle was developed to appeal to the most discerning of students, and as such an array of communal facilities are available to ensure residents enjoy their time as tenants. A high specification on-site gymnasium welcomes you as you enter the main foyer area of the building, and alongside this can be found a spacious communal cinema room and communal co-working area. On the top of the building is a stunning roof terrace offering sweeping views across the River Tyne and city centre, and towards the iconic St James Park football stadium.
The OPTO Newcastle development comprises of 226 fully furnished, self-contained studio apartments, with weekly rental fees starting from £190 per week, and rising to over £260.00 per week. Tenancies are confirmed on an annual basis, and take the form of a 44 or 51 week contract.
OPTO Newcastle - Investment Highlights
- Freehold units available
- Fully managed and hands free
- Low number of available student rooms in Newcastle
- On-site management team at development
- Exceptionally well managed development
- Close access to two leading universities
- Newcastle city centre location
OPTO Newcastle - Payment Plan
1. Provide certified ID, proof of address and proof of funds to Pure Investor
2. Reserve your unit with a signed reservation form
3. Pay a £2000 non-refundable reservation fee
4. Remaining balance due on completion
Places of interest
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