Student Accommodation Building For Sale, Summerhill House, 214-216 Westmorland Road, Newcastle Upon Tyne, NE4 6QZ
£86.77 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,010 sq ft
744 sq m
- SECTOR
Commercial development for sale
Key features
- Online Auction Thursday 25 July 2024
- Freehold Opportunity
- Guide Price: £695,000
- GIA 744 sq m (8,010 sq ft)
- Current rent £144,000 per annum
- Currently arranged as 38 rooms for student accommodation
- Subject to Contract
Description
Internally the accommodation is arranged over ground and two upper floors and is utilised as student accommodation, with 38 rooms suitable for single occupation, together with communal areas, shared bathrooms and kitchens.
Newcastle Upon Tyne is located in the North East of England and has an Urban area population of some 200,000. Newcastle is principally accessed via the A1, A19 & A69. Newcastle Airport, 7 miles north west of the city centre, provides international and domestic services. Sunderland is located 14 miles to the south east, South Shields 14 miles to the east and Carlisle 58 miles to the west.
The subject property lies a short way to the west of the city centre and fronts Westmorland Road, the A186, which links directly to the A1(M). The surrounding area is a mixture of low value owner occupied, predominantly former Local Authority housing and also in close proximity is the main campus of Newcastle College.
Strictly by prior appointment with the agents: Kevin McGorie kevin. James Fletcher james.
Brochures
Student Accommodation Building For Sale, Summerhill House, 214-216 Westmorland Road, Newcastle Upon Tyne, NE4 6QZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newcastle Central Station0.7 miles
- St James Station0.8 miles
- Dunston Station1.2 miles
About Sanderson Weatherall, Newcastle
Central Square South, Orchard Street, Newcastle upon Tyne
Notes
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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 Sanderson Weatherall, Newcastle on 0191 743 9471.
*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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