Newcastle upon Tyne

apartment · 2 beds · 2 baths

Dealt with byJack Barnett

Fantastic opportunity to purchase a 2 bed/2 bath apartment in this prime location within Newcastle City Centre, just minutes from the Newcastle/Gateshead Quayside, St James Park, offering access to all that Newcastle City Centre has to offer. Purpose-built, seventh floor apartment forming part of this prestigious development, ideally placed for the city centre and railway station. Ideal for owner occupation or investment with communal grounds and designated car parking. Description: This light and airy apartment enjoys a pleasant outlook over the communal grounds which form the heart of this popular development. With security entry systems, lift access and secure car parking, this property will appeal to a broad variety of purchasers. It is ideally placed for access to the city centre and also to the railway station and major road networks, ensuring access to the surrounding regional centres. An open-plan living room / kitchen is the focal point of the apartment with double-opening doors leading to a small balcony. The kitchen has a range of integrated appliances with recessed spotlighting throughout. There are two bedrooms with an en-suite shower room to the master bedroom and a further family bathroom/WC. The property has double glazing and electric heating. Tenure: The property is Leasehold, the term of which is 125 years from 1 January 2004. There is a Ground Rent of £350.00 per annum and a Service Charge of £2,462.62 per annum. Service charge: The building service charge includes security, communal cleaning, alarm/warden control, proactive refuse removal, buildings insurance, fire risk assessment, health and safety assessment, landscape maintenance, redocoration fund, and Times Square parking, as well as general building maintenance and upkeep items. Building manager: Trinity Estates, Simon Hindmarsh Works in progress: Improvements to commercial units to suit more SME requirements and to include significant courtyard improvements for all residents. Upcoming maintenance schedule: Carpet replacement and internal redecoration of communal areas External works: Some of the larger lenders are willing to loan on buildings with a B2 EWS1 rating which The Bar currently has, the lenders will require certain paperwork from Persimmon Homes for reassurance that works are to be completed, Trinity Estates can assist with obtaining this information on a case by case basis. Click here to access full property information pack, including title documents and law society forms.

flat · 1 beds · 1 bath

Dealt with byJack Barnett

Studio Apartment, Burgess House, St James Boulevard, Newcastle upon Tyne - Fantastic Yield! Overview Located on the second floor of Burgess House, this compact studio apartment provides practical, self-contained accommodation in a highly central Newcastle position. Set on St James Boulevard, the property is within easy reach of Newcastle Central Station, the universities and the city’s core retail and leisure districts. The apartment is currently let and presents a straightforward turnkey investment, with sustained demand for studio accommodation in this part of the city. The Accommodation The apartment extends to approximately 236 sq ft and is arranged as an open-plan living and sleeping area with kitchenette, alongside a separate shower room. The property benefits from double glazing, electric space heating and hot water provided via the building’s communal system. Tenure and Title The property is held on a long leasehold of 250 years from 3 October 2014, leaving approximately 239 years unexpired. Title number TY522133. Passing Rent and Yield Current Rent: £175 per week Equivalent to approximately £758 pcm or £9,100 per annum Gross Yield: approximately 22.75 percent Outgoings The most recent service charge budget for the 2025 to 2026 year totals £3,318.30 per annum, with ground rent payable at £379.28 per annum. Combined fixed annual costs therefore stand at approx £3,697.58. Management and Building Information The building is managed by StudentFM on behalf of the Right to Manage company. Recent management updates include a reversion to floor-area apportionment for service charges, the introduction of a group electricity supply contract with EDF to reduce costs, and an existing building-wide broadband contract. A compartmentation survey has been commissioned and budgeted for, with no additional levies raised in the documentation supplied. Compliance and Documentation An EWS1 form is in place with a B1 rating, confirming that fire risk is sufficiently low and no remedial works are required. The form is dated 28 May 2024 and completed in accordance with the RICS third edition guidance. The property holds an EPC rating of D with a score of 62, with potential to improve to a C rating of 72. The EPC is valid until 30 August 2030. An Electrical Installation Condition Report is also in place for the apartment. Additional Information Council Tax Band A. Internal floor area approximately 236 sq ft or 22 sq m. All financial figures and property details have been taken from the seller’s documentation and managing agent papers and are provided in good faith. Purchasers are advised to verify all information through their legal representatives during the conveyancing process, including lender requirements in relation to the EWS1 certification.