Freehold Student Accommodation Building For Sale

 

Summary

  • Online Auction Thursday 25 July 2024
  • Freehold Opportunity
  • Guide Price: £695,000
  • GIA 744 sq m (8,010 sq ft)
  • Current rent £144,000 per annum
  • Currently arranged as 38 rooms for student accommodation
  • Subject to Contract

Location

Newcastle Upon Tyne is located in the North East of England and has an Urban area population of some 200,000. Newcastle is principally accessed via the A1, A19 & A69. Newcastle Airport, 7 miles north west of the city centre, provides international and domestic services. Sunderland is located 14 miles to the south east, South Shields 14 miles to the east and Carlisle 58 miles to the west.

The subject property lies a short way to the west of the city centre and fronts Westmorland Road, the A186, which links directly to the A1(M). The surrounding area is a mixture of low value owner occupied, predominantly former Local Authority housing and also in close proximity is the main campus of Newcastle College.

Get directions from Google Maps

Further Information

Rates Payable Upon Enquiry

EPC Rating This property has been graded as E


Description

The subject is a detached three storey building, constructed approximately 55 years ago of traditional cavity brick construction under a flat, believed to mineral felt covered roof. The walls are rendered in part and painted. Fenestration is predominantly uPVC, double glazed throughout. Rainwater gutters are of a plastic type. Externally the property is secured with palisade fencing and there is a yard area that could be utilised.

Internally the accommodation is arranged over ground and two upper floors and is utilised as student accommodation, with 38 rooms suitable for single occupation, together with communal areas, shared bathrooms and kitchens.

Viewings

Strictly by prior appointment with the agents: Kevin McGorie 07901 710 671 kevin.mcgorie@sw.co.uk James Fletcher 07894 411 871 james.fletcher@sw.co.uk