Latest Valuation
£215,000
Yield
%
Selling Agent
Sourced Gateshead

Rent Guarantee for 5 Years – Off-Plan 1 Bed Apartment

Guaranteed annual rent for 5 years of £12,250
Guide Price
£195,000

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Key Features

  • On-site Concierge, Maintenance and Cleaning Services
  • Exclusive Access to Sky Lounge on the 27th Floor
  • Walking Distance from City Centre
  • 250-Year Lease
  • Wi-Fi, High Speed Broadband and Smart Technology Throughout
  • Café and Touchdown Meeting Points

The Property

Sourced are proud to present this off-plan, 1 bedroom, luxury apartment, located in the tallest tower in the North East.

This off-market apartment is in a unique, new development in the tallest building in Newcastle - Hadrian Tower. The development is located close to Newcastle's Regeneration Zone, a world-class Medical University, St James Park and Central Station.

Guaranteed rent for 5 years of £12,250 per year. Hands-off investment opportunity. Furniture packs and rental packs are available from the developer. This can be utilised and then let long-term or as serviced accommodation after the five years or immediately, to get a higher yield.

All one bed apartments are now sold and this apartment available directly from the vendor.

Property Highlights:

The prestigious development provides 26 storeys of prime, luxury living in the heart of Newcastle. The world class accommodation will encompass 162 1, 2 and 3 bedrooms apartments.

World-class apartments and premium service offering;
Superb city centre location, perfect for business and leisure purposes;
Luxurious homes backed up by comprehensive facilities;
Superb views;
Planned completion Q4 2020;
Lease 250 years.

Premium Location:

Hadrian’s Tower enjoys an outstanding city centre location.

Newcastle Central, an outstanding city centre location;
Access to the business and leisure facilities;
Overlooking St James and Medical University;
Walking distance from China Town, St James Park, the O2 Academy, The Gate, Intu Eldon Square, Theatre Royal, Medical University and Central Station;
Looks out over St James Boulevard which is one of the better aspects.

Superb Facilities:

The ultimate accommodation for urban tenants, the development offers luxurious homes backed up by comprehensive facilities.

On-site Concierge, maintenance and cleaning services;
Exclusive access to Sky Lounge situated on the 27th floor offering city skyline views;
Café and touchdown meeting points provide a versatile environment;
Touchdown meeting spaces within the ground floor and floor entrance areas and on the 27th storey lounge area;
Superior support for residents including concierge, maintenance and cleaning services;
Club 360;
Wi-fi, high speed broadband and smart technology throughout the tower.

Apartment Specification

4th Floor
516 square feet
Serviced by three fully maintained lifts
Whole-house ventilation and sprinkler system protection
Open plan living / dinning/ kitchen
Spacious rooms
High quality fully integrated kitchen
Contemporary bathrooms and bedroom

Planning Information

N/A

The Plan

Guaranteed rent for 5 years of £12,250 per year.

Hands-off investment opportunity.

Furniture packs and rental packs are available from the developer. This can be utilised and then let long-term or as serviced accommodation after the five years or immediately, to get a higher yield.

ROCE: 22.2%
Sourcing fee: £3,900
Rental income: £12,250

The Location

With a superb social scene and a thriving urban renaissance well underway, Newcastle’s attractions to ambitious young professionals are plenty.

It also has a rapidly growing student body as a result of its superb universities. Student numbers at Newcastle University have shot up by over 70% since 2000, while Northumbria University has enjoyed a student body increase in excess of 114% over the same period. With nearly 50,000 students in total, a full sixth of the city’s population is engaged in study, creating a uniquely youthful atmosphere as Newcastle grows its own talent for the future.

Average estimated value for a house in NE4

£200,000

Newcastle’s city centre population has grown rapidly since the turn of the century. According to Centre for Cities, Newcastle city centre enjoyed population growth of 112% between 2002 and 2015. The massive jump in demand for city centre living is creating a hotbed of innovation within the housing sector, as developments seek to woo the bright young crowds who have flocked to the city for work and want prime accommodation in the heart of Newcastle.