12-bedroom purpose built student accommodation with key power switch and student purpose design rooms returning $1,800 per week now and increasing to $1,960 per week in April with annual increases continuing thereafter.
Individual architecture has been implemented to achieve a design that achieves maximum return combined with thought given to student needs on a daily basis. With 12 individual students combining a mix of international and local students design is paramount, this has been achieved with the property being consistently leased.
From the street the building is a standout landmark known by students, positioned within five minutes' walk of the main entrance to Newcastle University with public transport at the door to the University, Newcastle CBD, Major shopping facilities, two leading training hospitals - John Hunter Hospital and Waratah hospital.
When entering the facility, it is easy to understand why this accommodation is popular with students of all academic levels.
Each room has been designed for comfort while maximising an Eco use of the area, full wall to floor and ceiling insulation reduces sound for privacy and helps control power usage, all 12 rooms are air conditioned combined with built-in wardrobe and large built-in desk modules, room sizes are generous and varied throughout the building.There are four bathrooms dispersed between all rooms plus separate W.Cs for added comfort and fit out of the bathrooms is modern and functional with the latest in fixture design used.
Common areas are where a number of students meet to socialise, cook, share meals and have study groups. Design of the common area is paramount to the successful function of a share house, in this property you will be impressed with the design. There are dual coking facilities combined with a large open plan area with room for varies individual groups able to use the common area at the same time and enjoy the benefits of shared student life with a high living standard that is encouraged by Newcastle University.
For astute investors this professional facility is worthy of investigation with continuous growth in the area, excellent returns combined with a facility to be proud of.
For more information on this investment opportunity contact exclusive listing agent Allen Reece on 0409814400.
Allen Reece is Newcastle's leading student accommodation specialist with comprehensive knowledge of the balance needed for students and investors alike, achieving exceptional results for all parties.