Tower House | Tower St
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Tower House Tower St
42 Unit Apartment Building $7,446,500 CAD ($177,298 CAD/Unit) 6.60% Cap Rate Newcastle Upon Tyne NE1 2HW
INVESTMENT HIGHLIGHTS
- Prime City Centre Location
- Close proximity to both Newcastle and Northumbria Universities
- Excellent transport connectivity
EXECUTIVE SUMMARY
Offers are invited in excess of £4,000,000, subject to contract for the freehold interest.
A purchase at this price reflects the following yield profile: and a price per bed of circa £74,000, assuming purchasers’ costs of 6.60%.
A purchase at this price reflects the following yield profile: and a price per bed of circa £74,000, assuming purchasers’ costs of 6.60%.
PROPERTY FACTS
| Price | $7,446,500 CAD | Property Type | Multifamily |
| Price Per Unit | $177,298 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.60% | Building Size | 20,299 SF |
| Tenure | Freehold | No. Stories | 4 |
| No. Units | 42 | Year Built | 1905 |
| Price | $7,446,500 CAD |
| Price Per Unit | $177,298 CAD |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Tenure | Freehold |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.30 AC |
| Building Size | 20,299 SF |
| No. Stories | 4 |
| Year Built | 1905 |
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Tower House | Tower St
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