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Prime Newcastle Upon Tyne Investment

Newcastle City Centre

Prime Newcastle Upon Tyne Investment

Prices from £144,000  |  bedroom |

PROJECT OVERVIEW

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 entrance ways.

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 positioned on Pilgrim Street. Pilgrim Street is one the three largest regeneration schemes in Newcastle upon Tyne with a value of £300 million.

KEY FACTS

  • NE1 postcode
  • 3% monthly interest on deposit funds
  • Investor discount on market prices up to £16,778
  • Massive city centre regeneration programmes in progress
  • Estimated net yields up to 5.31%
  • 5% reservation fee
  • 25% on exchange of contract
  • Estimated completion date Q3 2022

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