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- LoopNet Team
Strawberry Pl
Newcastle Upon Tyne NE1 4SF
St James View · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Gross income of £306,210 per annum
- Adjacent to the successful 331 bed Vita Student Newcastle development
- 46 beds being a mix of 4 and 5 bed apartments as well as studios
- Prime City Centre Location.
- Fully let high yielding income off a low average rent of £128 pppw
- Benefitting from a Premier Warranty
PROPERTY FACTS
AMENITIES
- Security System
ABOUT STRAWBERRY PL , NEWCASTLE UPON TYNE, TWR NE1 4SF
The property was fully developed in 2017 and consists of an end-terraced steel portal frame building with heritage designed cavity brickwork elevations incorporating aluminium framed double glazed windows. The front elevation is curved which adds interest to the design. High quality kitchen fittings including soft closers to doors/drawers, halogen hobs, composite sink units and brushed steel switch plates. Shower rooms comprising wet wall systems to the shower cubicles with premier mixer shower units, Heating via electric wall hung panel radiators with upgraded heaters to the lounge/kitchen Building wide air circulation/air extraction unit. Superfast 250mb broadband via 5G data cabling. USB charging points to each room. Security via CCTV as well as Biometric entry system. Upgraded acoustic flooring installed between the ground floor retail unit Access is via a set of Biometric security controlled pedestrian doors off St James Street. To the ground floor is a restaurant unit which has separate access off Strawberry Place. To the rear of the property there is a shared private road which provides access to a covered bin storage area. The residential accommodation contains 46 beds in total and is arranged over 7 floors, comprising: ? 2 x 4 bed apartments to floors 1, 2, 3 & 4 ? 2 x 5 bed apartment to floors 5 and 6 ? 2 x studio apartments to floors 5 and 6. Each bedroom benefits from a premium ensuite shower room whilst each apartment comprises a lounge and fully integrated kitchen. The studio apartments contain a galley kitchen area.
