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Our Summary
- Stylish Studio Investment Opportunity in Keele House, Newcastle-under-Lyme Flat 41 - Keele House, The Medway, ST5 1LD Prime Student Investment Fully Furnished 8
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Description
This is a modern studio apartment in the Keele House development, finished in 2017, located in Newcastle-under-Lyme. The apartment is fully furnished with contemporary furniture and is part of a professionally managed block by Urban Student Life. The keys feature a 125 year lease, with a net rental income of £8,810 per year, generating an 8.5% net yield.
The property is tenanted until 2026 on a 51-week term, with the tenant paying £170 per week. The ground rent is £411.84 per year and the service charge is £2,343.04 per year.