* Leasehold
Spacious tenanted student studio for sale in the hugely popular Orme House
student development in the heart of Newcastle Under Lyme, offering close
proximity to two major universities. This tenanted unit generates a net rental
income of £3, 768. 00 per annum, and a net rental yield of 7. 5%
Orme House comprises of 102 modern and self - contained one bed studios and two
bed apartments, each fully furnished and completed to a high standard. The
development is divided in to two parts; a refurb of a listed school building
and a newly built block.
Studio 96 (£50, 000. 00 - 20. 0sqm)
Tenanted at £145 per week for 46 weeks 23/24
Gross Rental: £6, 670. 00
Service Charge: £2, 152. 00
Lettings & Management Fee: £400. 00
Ground Rent: £350
Net Rental: £3, 768. 00
net Yield: 7. 5%
Studio 96 confirmed tenancy for 2024 - 25 (£170pw for 51 weeks)
Orme House - Features
Purpose built student accommodation
Recently completed to a high standard
Fully managed, hands - off investment
Leading management company in place (usl)
All studios will feature a kitchenette and an ensuite bathroom, alongside an
array of communal areas which can be used by all students. Orme House is
designed to create first class living standards for students with an array of
facilities and communal areas, making Orme House a unique and unrivalled
option for students.

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