Property type: Condo/Apartment
Flat size: 388-398 Sq Ft.
Bedrooms: 1 Br
Number of flats: 152 unit
Amenities: Parking Lot, Shared Open Space
Neighborhood: University, Subway, Bus Station, Supermarket, Media City UK
Price range: Prices from £161,389
Expected completion: Q3 2022
The development’s location couldn’t be more convenient. Newcastle upon Tyne’s central railway station is less than 700m, Manors Station 250m. The nearest bus stop about 60m away which enables connections to all local stops as well as recreational destinations such as Whitley Bay. Bars and restaurants are less than a 5-minute walk, the iconic Tyne Bridge a 15-minute walk and China town an 18-minute walk. The development is also strategically positionedin an area undergoing one of the three largest regeneration schemes in Newcastle upon Tyne with a value of £300 million.
- 3% annual interest on deposit funds
- Investor discount on market prices up to £16,778
- Massive city centre regeneration programmes in progress
- NET yields up to 5.68%
- 5% reservation fee
- 25% on the exchange of contract
Close by is the 673-bed Royal Victoria Infirmary, an NHS hospital that is both a major employer and a teaching hospital allied with the University of Newcastle. Many other significant employers also operate in the immediate area, including large retailers, financial institutions, digital agencies and Newcastle United Football Club which is a 22-minute walk away.
The cities two universities, Newcastle and Northumbria, are home to more than 50,000 students. Both are within easy walking distance being just 20 minutes from the development.
Newcastle upon Tyne is a property investment hotspot and this a great property investment opportunity in a sought-after NE1 postcode offering an investor discount of up to £16,778 on market prices.
This prime Newcastle upon Tyne city centre development is an off-plan office conversion scheme with seven storeys. The building features its own under-croft parking and, as part of the conversion, the exterior will be fitted with new glazing and entranceways.
Additionally, the new regeneration schemes that are now in progress in Newcastle are expected to generate around 4,000 new jobs over the next ten years. Employment growth for the city is forecasted to be +14,000 jobs by 2030.
- University – 20-minute walk
- Bars & restaurants – 5-minute walk
- Rail Station – 9-minute walk
- Shopping Centre – 5-minute walk
- Airport – 20-minute drive