10 bedroom flat
Key information
Features and description
- 10 x Self-Contained Studio Apartments within Modern Development
- Fully Let – Producing a Gross Income of £83,487 per Annum
- Ground Rent: £300 per Apartment, per Annum (£3,000 Total)
- Sought-After Town Centre Location
- Excellent Access to Local Amenities, University, and Transport Links
- Attractive Investment Opportunity with Immediate Income Stream
- Online Auction on Thursday, 24 July 2025
The investment comprises 10 x studio apartments situated within a contemporary mixed-use development, with secure access and communal areas.
Each apartment is self-contained, with an open-plan living and kitchen area, a double bedroom, and a modern bathroom. The block benefits from lift access and communal amenities.
All 10 units are currently let on Assured Shorthold Tenancy (AST) agreements, producing a combined gross rental income of £83,487 per annum.
'The Met' is a purpose built student accommodation block of apartments completed to a high standard in 2020, offering excellent communal facilities including The building provides amenities including, group study area, café style common room, laundrette, cycle storage and parcel delivery room.
Location:
The property is located within The Met, a modern purpose-built apartment block situated on The Midway in the heart of Newcastle-under-Lyme, Staffordshire. The building is ideally positioned just 0.2 miles from the town centre, offering immediate access to an array of high street shops, bars, cafés, and leisure facilities.
It is well-located for Keele University and the Royal Stoke University Hospital, both of which contribute to strong rental demand in the area.
Transport connections are very good with Stoke-on-Trent railway station is approximately 2.5 miles away, providing direct services to London Euston, Manchester, and Birmingham. Road links are nearby including the A34, A500, and the M6 motorway (Junction 15), offering easy access across the Midlands and beyond.
Tenancy:
All apartments are let on ASTs (copies available in the legal pack)
Online Auction on Thursday, 24 July 2025. For further information, such as legal documents and property information, please visit bidx1.com.
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