Albion House, St James’ Street, Newcastle NE1 4NF

England,  •  Hotel  •  £4,000,000



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About this listing
● City Centre Student Residential Investment entirely let to Newcastle University ● Comprising 56 bedrooms, including 8 studio apartments ● Located in the heart of Newcastle City Centre very close to both Newcastle and Northumbria Universities ● Newcastle has a student population in excess of 55,000 ● Situated in a vibrant city centre location close to Eldon Square Shopping Centre, China Town and The Gate providing an excellent mix of bars and restaurants ● Rental income of £309,046.70 per annum with projected income of £349,350 for academic year 2019/2020 ● Freehold


Address
England,
Sector
GLA
Occupancy
Major Tenants
WAULT
NIY (on NOI)
7.25%
Asking Price
£4,000,000