**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!<br /><br />Burgess House sits in the midst of Newcastle, a bustling student city. This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchens and en-suite bathrooms.<br /><br />Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.<br /><br />Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station.<br /><br />Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.<br /><br />Please note: Images shown are of a show apartment and may not be representative of the property for sale.<br /><br /> Financial Breakdown<br /><br /> Gross rent: £6,630 <br /> Ground rent: £282 <br /> Service charge: £2,536 <br /> Lettings fees: £796 <br /> Net income: £3,016 <br /> Gross yield: 16.58% <br /> Net yield: 7.54% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17459