Residential Investment Opportunity – Westgate House, 252-258 Westgate Road, Newcastle upon Tyne, NE4 6AQ

Fully let 34 double bedrooms producing £148,070 pa increasing to 38 bedrooms and £179,660 pa by September 2021, following completion of further 4x-1 bedroom garden flats.

Newcastle is home to two leading universities; the University of Newcastle & Northumbria University, both of which have city centre campuses.

Offers in excess of £2,400,000 are invited for the freehold interest of the property. A sale at this level reflects a yield of 7.04% assuming standard purchasers costs of 6.36% and only £63,158 per bed space.

Durant Hall, Ellison Place, Newcastle upon Tyne, NE1 8XG

This is a multi-purpose city centre space suitable for a variety of uses

With a floor area of approximately 16,275 sq ft split into a number of distinctive sections including two former church halls with ceiling heights in excess of 10m and a very large three bedroom flat

The property is located on the campus of Northumbria University sharing a green / courtyard with The Wynne Jones Building (lecture theatres), Picton Manor (student accommodation, restaurant & offices) and MEA House (office accommodation)

It is centrally located in Newcastle upon Tyne, just off the Central Motorway (A167) with a car park immediately to the rear on Ellison Place for 119 cars

Only a short walk from Northumberland Street, Newcastle’s prime retail pitch as well as Manors and Haymarket Metro stations

The property is Grade II Listed

Our client is seeking JV Partners or may consider an outright sale

Albion House, St James Street, Newcastle upon Tyne, NE1 4NF

City Centre Student Residential Investment entirely let to Newcastle University until September 2019

Comprising 56 bedrooms, including 8 studio apartments

Located in the heart of Newcastle City Centre very close to both Newcastle and Northumbria Universities

Situated in a vibrant city centre location close to Eldon Square Shopping Centre, China Town and The Gate providing an  excellent mix of bars and restaurants

Rental income of £309,046.70 per annum with a projected income of £349,350 for academic year 2019/2020.

Freehold

21 Ellison Place, Newcastle upon Tyne, NE1 8XG

End terrace Georgian property of traditional construction with brick external walls under a pitched slate roof

To be sold with vacant possession providing an excellent opportunity to redevelop

Total floor area of approximately 6,660 sq ft

Seeking offers in excess of £880,000 reflecting a capital value of approximately £133 psf

Residential Investment, 5-8 St James Street, Newcastle, NE1 4NF

The Property comprises four fully refurbished Grade II Listed Georgian terrace properties. The Property has been sensitively refurbished to comply with Listed Building Consent and provides twelve self-contained apartments with 43 bedrooms.

The property is located a short walk from the new Science Central development as well as Newcastle University’s state of the art Business School on Barrack Road. The property is also very close to the RVI Hospital, Eldon Square Shopping Centre, China Town and The Gate.

We are instructed to seek offers in excess of £4,000,000 for our client’s freehold interest, subject to contract and exclusive of VAT.

Scottish Provident House, Mosley Street, Newcastle upon Tyne, NE1 1YF

Substantial Grade II Listed building over part basement, part ground, first, second, third and fourth floors occupying approximately 16,367 sq ft

Scottish Provident House is prominently situated on the corner of Mosley Street and Cloth Market in Newcastle City Centre

The property would be suitable for a scheme of refurbishment works or conversion to residential, subject to the relevant planning and listed building consent

We are instructed to seek offers in excess of £900,000 (exclusive of VAT). A purchase at this level would reflect a low capital value of approximately £54.99 psf.