The investment comprises 10 x studio apartments situated within a contemporary mixed-use development, with secure access and communal areas.Each apartment is self-contained, with an open-plan living and kitchen area, a double bedroom, and a modern bathroom. The block benefits from lift access and communal amenities.All 10 units are currently let on Assured Shorthold Tenancy (AST) agreements, producing a combined gross rental income of £83,487 per annum.'The Met' is a purpose built student accommodation block of apartments completed to a high standard in 2020, offering excellent communal facilities including The building provides amenities including, group study area, café style common room, laundrette, cycle storage and parcel delivery room. Location: The property is located within The Met, a modern purpose-built apartment block situated on The Midway in the heart of Newcastle-under-Lyme, Staffordshire. The building is ideally positioned just 0.2 miles from the town centre, offering immediate access to an array of high street shops, bars, cafés, and leisure facilities.It is well-located for Keele University and the Royal Stoke University Hospital, both of which contribute to strong rental demand in the area.Transport connections are very good with Stoke-on-Trent railway station is approximately 2.5 miles away, providing direct services to London Euston, Manchester, and Birmingham. Road links are nearby including the A34, A500, and the M6 motorway (Junction 15), offering easy access across the Midlands and beyond. Tenancy: All apartments are let on ASTs (copies available in the legal pack)
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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