Studio for sale in Newcastle-under-Lyme ST5, 0 Bedroom

Keele House is a investment opportunity in the UK student accommodation sector, giving investors an opportunity to purchase a fabulous income-generating asset.

Annual rental income: £8160 therefore Gross Yield is 11.83% and Net Yield 9.2%

The development comprises 147 modern, self contained studio suites which will be completed to a high standard and offered fully furnished. The development serves the accommodation requirements of students studying at both Keele and Staffordshire Universities.High Spec throughout, Fully Furnished, En- Suite Studio Apartments with Kitchenette, double bed, flat screen TV, desk, chair, wardrobe, night stand and sofa. The development boasts laundry facilities, bike storage area, gym, communal living areas, onsite management and reception area with CCTV security.

Leasehold: 125 year lease

Ground Rent of £350 per annum

Running costs approx. £1100 per annum

Management and Service charge: £300 per annum - includes all the management, maintenance, insurances and service charge for the building and tenancy.

Fully Managed by an experienced Student Management Company - usl - Urban Student Life They have a 100% occupancy across all of their apartments.

Particularly popular with international students and postgraduates, Keele House provides first-class living standards coupled with a full range of facilities and communal meeting spaces.

LocationKeele House is in Newcastle-Under-Lymes town centre and is just a short walk from the shopping centre, public transport, banks, bars, cinema and supermarkets. A few minutes to Stoke-on-Trent, the location is within easy reach of the citys many attractions. Boasting a premiership football club, famous attractions such as the Wedgwood museum and Alton Towers, there will never be a dull moment in the life of these students! Keele House provides the luxury of being central to the town but also is within just 5 or 10 minutes from each of the two Universities of Keele and Staffordshire. With a scarcity of new, quality accommodation, this already well developed town offers the perfect environment for investors in Keele House.

Contact Cherish Property to arrange a viewing appointment / further information.