For Sale by Auction on 22nd August 2024
The property is a detached three storey building, constructed approximately 55 years ago of traditional cavity brick construction under a flat felt covered roof. The walls are rendered in part and painted. Fenestration is predominantly uPVC, double glazed throughout. Externally the property is secured with palisade fencing and there is a yard area. Internally the accommodation is arranged over ground and two upper floors and is used as student accommodation, with 38 rooms suitable for single occupation, together with communal areas, shared bathrooms and kitchens. The site area is about 0.07 hectares (0.19 acres).
Location
Newcastle upon Tyne is located in the North East of England and has an Urban area population ofsome 200,000. Newcastle is principally accessed via the A1, A19 & A69. Newcastle Airport, 7miles north west of the city centre, provides international and domestic services. Sunderland is located 14 miles to the south east, South Shields 14 miles to the east and Carlisle 58 miles to the west. The subject property lies a short way to the west of the city centre and fronts Westmorland Road,the A186, which links directly to the A1(M). The property is in close proximity of the main campus of Newcastle College.
Accommodation
The site area is about 0.07 hectares (0.19 acres).
38 bedrooms, shared accommodation and bathrooms and kitchens - 744.00 sq m (8,010 sq ft)
Terms
Tenure - Freehold
Guide Price - £600,000 - £625,000
Specification
- By order of the Joint Fixed Charge Receivers
- Freehold student accommodation building
- 744.00 sq m (8,010 sq ft)
- Site Area 0.07 hectares (0.19 acres)
- Currently arranged as 38 rooms for student accommodation
- Asset management opportunity
- Current rent £144,000 per annum (1)