Student Investment, Newcastle-under-Lyme
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
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Key features
- AUCTION PROPERTY
- Auction Date - TBC
- Auction Pack Available On Request
- One bedroom Student apartment
- Communal lounge, gym and facilities
- Great location for Keele University
- Currently let for 51 weeks of the year
- Purpose Built Student Accommodation
- 10-12% Yield
- Quote Ref: JS0070
Description
Quote Ref: JS0070. **For sale by online auction** **Pre-Auction offers considered** STUDENT INVESTMENT PROPERTY - A modern studio apartment which is ideal for student living, positioned within Newcastle-under-Lyme town centre, close to an abundance of shops, amenities, bars and restaurants as well as great transport links nearby. GREAT BUY-TO-LET INVESTMENT, in a fast growing investment market.
We are pleased to present this one bedroom student apartment, making a fantastic BUY TO LET INVESTMENT, close to Keele University.
The student investment market property is one of the fastest growing buy-to-let markets in the UK.
This development is a superb, high-yielding opportunity in the UK student accommodation sector. This one bedroom apartment is currently let at £130 per week, for a 51 week period - running until September 2024.
The apartment comes fully furnished. This provides an investor an opportunity of a quick return on their capital. Student tenants at Keele house have the use of a communal lounge and study area complete with sofa’s, desks, TV’s and gaming equipment.
There are on-site laundry facilities, a fully equipped gymnasium free of charge for tenants of the building.
Keele House is a purpose built student accommodation (PBSA) block which is a refurbishment of an office block located in the Newcastle-Under-Lyme town centre. The development is in a fantastic location for universities.
AUCTION
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Student Investment, Newcastle-under-Lyme
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Visit our security centre to find out moreDisclaimer - Property reference S70085. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK, North West. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call eXp UK, North West on 03304 609968.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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