G.12 Burgess House

This well-presented buy-to-let investment property benefits from strong tenant demand due to its prime location, in close proximity to two leading universities, as well being located in the very heart of Newcastle city centre. For investors, one of the key appeals of Burgess House is that tenancies include both young professionals and students, ensuring a far wider tenancy reach for landlords. This studio is currently tenanted at £665.00 per calendar month (young professional tenant).

Investment Summary

• Property: Premium Studio – Studio G.12
• Tenure: Leasehold
• Lease Remaining: Approx 238 years
• Guide Price: £40,000
• Current Rental Income: £665pcm (£7,980 per annum)
• Tenancy Status: Tenanted
• Lettings and management fees (8.5% plus VAT): £813.96
• Ground Rent: £384.39 per annum
• Service Charges: £3,203.24 per annum
• Total net rental income: £3,578.44 (8.95% net rental yield)

Investment Highlights

• Prime Newcastle city centre location
• Walking distance to major universities
• Strong and consistent student rental demand
• Long leasehold term remaining
• Tenant currently in situ with no arrears
• Immediate income-producing investment
• Professionally managed student development
• Attractive double-digit net yield

Accommodation

The studio apartment comprises a modern open-plan living and sleeping area, incorporating a fitted kitchenette, study space, and contemporary shower room. The development is specifically designed to cater to modern day city centre living, offering practical and affordable accommodation in a highly desirable location.

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