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Studio, in PBSA Studio, £41,500
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Studio

PBSA Studio, Keele House, The Midway, Newcastle
£41,500
Leasehold

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.