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RESIDENTIAL INVESTMENT OPPORTUNITY
RESIDENTIAL INVESTMENT OPPORTUNITY
101 CLAYTON STREET NEWCASTLE UPON TYNE| NE1 5PZ
• Investment Opportunity
• Grade II Listed Building
• Long-Leasehold Interest
• 3no. Self-Contained 1 Bed Apartments
• £19,800pa Combined Rental Income
• 7.6% Gross Yield
• Tenanted until Summer 2020
• EPC Ratings C
Location Newcastle is a city located on the north bank of the River Tyne in the North East of England, it lies 103 miles south of Edinburgh and 277 miles north of London. Newcastle is the largest city in the north east of England and forms part of the Tyneside conurbation, which is the eighth largest urban area in the United Kingdom Tyneside is connected by the Tyne & Wear Metro, a light railway system allowing easy access to nearby Sunderland and Gateshead, as well as Newcastle International Airport. Newcastle Central Station is a main station on the East Coast Main Line connecting the city to Durham, York, Leeds, Edinburgh and London as well as other cross-country services to Birmingham, Manchester, Liverpool, Glasgow and Plymouth. Newcastle International Airport is the UK’s 10th largest airport and provides regular flights to London, Paris, Amsterdam and Dubai. Newcastle is home to two Universities, Newcastle University and Northumbria University, as well as the major regeneration scheme Newcastle Helix, which is a £350m development bringing together scientific and technological academic research and office development on the former Newcastle Breweries site.
Situation The subject property is located on Clayton Street in Newcastle’s historic Grainger Town. Clayton Street is Grade II Listed and named after John Clayton, who worked alongside John Dobson and Richard Grainger to redevelop Newcastle city centre in the 1800’s. Clayton Street is now a vibrant High Street location with a variety of national and local retailers alongside offices and residential apartments. Clayton Street is conveniently located close to Newcastle Central Station, the retail core of Eldon Square and entertainment complex The Gate, as well as being a short walk away from the city’s two Universities and Newcastle Royal Victoria Infirmary.
Notable points of interest nearby include Newcastle Central Station – 4-minute walk (0.2 miles)
Life Science Centre – 4-minute walk (0.2 miles)
Grey Street – 7-minute walk (0.3 miles)
Stephenson Quarter – 9-minute walk (0.4 miles)
Newcastle Helix (formerly Science Central) – 9-minute walk (0.5 miles)
Eldon Square Shopping Centre – 9-minute walk (0.5 miles)
Northumberland Street – 11-minute walk (0.5 miles)
Newcastle University Business School – 11-minute walk (0.5 miles)
Royal Victoria Infirmary – 13-minute walk (0.6 miles)
Newcastle University City Campus – 14-minute walk (0.7 miles)
Northumbria University – 18-minute walk (0.9 miles) Source: Google Maps
Description The property comprises three self-contained one-bedroom apartments, there is a communal entrance located off Clayton Street with staircase to all levels of the building. Each apartment briefly comprises of open plan living/kitchen area, bedroom and shower room, with original single glazed sash windows and secondary glazing, electric heaters and telephone intercom system. There is a landlord’s store on the third floor and bin store on the ground floor.
Tenancies Each of the apartments are let on Assured Shorthold Tenancies until summer 2020, with passing rent of £550pcm, totalling £19,800pa.
Tenure A new 999-year lease is to be granted
Energy Performance Certificate (EPC) Ratings Each unit has an EPC rating of C.
Method of Sale The property will be offered for sale by private treaty, however we reserve the right to conclude marketing by an informal tender process.
Asking Price We are instructed to seek offers over £260,000, which reflects a Gross Yield of 7.6%.
IMPORTANT: we would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only. A detailed survey has not been carried out, nor the services, appliances and fittings tested. Room sizes should not be relied upon for furnishing purposes and are approximate. If floor plans are included, they are for guidance only and illustration purposes only and may not be to scale. If there are any important matters likely to affect your decision to buy, please contact us
before viewing the property.
T: 0191 243 1000 E: [email protected] www.waltonrobinson.com
101 Percy Street Newcastle upon Tyne NE1 7RY
Viewings and Further Information
For any further information or to arrange a viewing, please contact sole agents Walton Robinson Chris Wilkin BSc (Hons) 0191 211 3963 [email protected]
