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This development is the perfect off-plan buy to let investment. The office conversion scheme is located in Newcastle city centre and it is scheduled for completion in Q3 2022. Set on seven storeys, the building features its own under-croft parking and, as part of the conversion, the exterior will be fitted with new glazing and entranceways. The development is the work of Empire, a developer that, since 2003, has specialised in creating top-quality accommodation in popular city locations.
This development's location couldn’t be more convenient. Newcastle’s central railway station lies less than 700m, a 13 minutes walk to the west, while Manors Station is closer still, at a little over 250m. The nearest bus stop lies just the other side of the A167, about 60m away. This enables connections to all local stops as well as recreational destinations such as Whitley Bay Bars & restaurants are less than 5 minutes walk, the iconic Tyne Bridge 15 minutes walk and China town 18 minutes walk.
This development is also strategically positioned on Pilgrim Street. Pilgrim Street is one of the three largest regeneration schemes in Newcastle with a value of £300 million.
Close by is the 673-bed Royal Victoria Infirmary, an NHS hospital that is both a major employer and a teaching hospital allied with the University of Newcastle. Many other significant employers also operate in the immediate area, including large retailers, financial institutions, digital agencies and Newcastle United Football Club is a 22-minute walk away. Additionally, the new regeneration schemes on Pilgrim street is expected to generate around 4,000 new jobs over the next ten years. Employment growth for the city is forecasted to be +14,000 jobs by 2030 cities two universities, Newcastle and Northumbria, are home to more than 50,000 students. Both are within easy walking distance is just 20 minutes from this development. With such a large number of major employers nearby, we expect this to create high levels of tenant demand from young professionals who are looking for high specification accommodation close to the excellent employment opportunities on offer so you can rest assured that your buy to let investment will not suffer from lack of demand.
The development is ideally located in Newcastle City Centre, so there's everything you'd need within walking distance. Due to this excellent location, we expect high levels of tenant demand making this a great buy to let investment opportunity.
*Our calculators are provided for illustrative purposes only, they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate or fit for any purpose. The presented results should not be taken as professional advice, or relied upon as the sole basis for making important decisions.
