Flat 34, The Met, The Midway, Newcastle Studio for sale

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Flat 34, The Met, The Midway, Newcastle Studio for sale

Flat 34, The Met, The Midway, Newcastle
£75,000

Our Summary

  • Student investment opportunity

Description

The Metropolis is a purpose-built student development in Newcastle-Under-Lyme, offering 211 high-quality studios designed to meet current market demands. Each studio features en-suite bathrooms, bespoke kitchens, and separate living, study, and sleeping areas. The building provides amenities such as a group study area, café-style common room, laundrette, cycle storage, parcel delivery room, and games zone. Located in the heart of Newcastle-Under-Lyme, the development is close to Keele University and the University of Staffordshire, with excellent transportation links and walking distance to the city center. The property is currently tenanted at £10,194 per annum, offering a 9% net return, with a letting fee of 8.5% (+ VAT) and a service charge of £2,776.01 per quarter.