* Investment Opportunity
* Modern Studio Apartment
* 5 Minutes Walk of Town Centre
* Allocated Parking Space
* Block Two of this Popular Development
* Fully Managed
* Communal Facilities
* Close to Royal Stoke Hospital
Great investment opportunity to purchase this 'classic plus' studio apartment
in a very popular development of purpose built student accommodation (pbsa).
The development is located in the heart of Newcastle under Lyme approximately
0. 3 miles south of the town centre. The site provides easy access to both
Keele and Staffordshire Universities with a regular bus service just outside
the development. The Royal Stoke Hospital and the amenities of the town centre
are just a short walk away.
The accommodation to this apartment features a kitchenette and an en suite
bathroom. There are also numerous communal areas including access to a gym,
communal lounge with pool tables, laundry room, cycle store and roof garden
terraces overlooking the park.
The apartments are fully managed and Flat 62 is currently on a contract from
31st August 2022 to 26th August 2023 at a rate of £135 . 00 per week. Please
refer to for the average rental rate from August 2023 onwards. We understand
the management fee is 6% plus VAT from the gross rent collected (est. Of 9%
gross yield).
We are advised that this apartment has an allocated parking space on site.
Agents Note: Photos used are of an example apartment of the same design.
**Tenure Leasehold**
Term of 125 years commencing from 20. 8. 2018.
**Service Charge**
Currently understood to be £1653 pa (2022/23).
**Ground Rent**
**Council Tax Band 'a'**

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: