Hadrian Tower offers investors discounted property investment opportunity in Newcastle
Hopwood House is delighted to offer investors a unique investment opportunity in Newcastle through Hadrian Tower. The resurgence of Newcastle as both an economic centre and as a university city has led to an increased demand for housing and, in particular, for city centre flats near the local amenities and with easy access to places of work and study. Hadrian Tower will help to fill this gap and promises both high quality accommodation and excellent returns for investors.
The convenience and access to amenities young adults want
Just outside the regeneration zone, Hadrian Tower, Newcastle will allow residents to walk to many of the city’s entertainment venues, including the O2 Academy. The proximity of the two local universities will have obvious appeal to students and postgraduate researchers, while young professionals will find themselves either close to their place of work or close to a metro station. Those wanting or needing to go further will benefit from the proximity of Newcastle Central station.
A total of 165 one or two bedroom apartments set over 26 stories
Both the one and two bedroom apartments offer meaningful, well-designed living space with modern fittings and will appeal to a generation which values flexibility and the option to change and develop the functionality of a space in line with their changing lifestyle requirements. Bedrooms offer sufficient space to double as quiet studies or home offices, although full-time home workers may prefer to opt for a two-bedroom apartment. Access to an onsite concierge and cafe is a benefit to all residents and particularly to the increasing number of people who want a space in which to live and work as it not only saves them time and effort when they are busy, but also offers a convenient location in which to host meetings.
Excellent returns for investors
At this point, there is a limited window of opportunity for investors to purchase property investments in Newcastle at this development on a special pre-launch package. One bedroom flats are available for £148,500 and two bedroom flats for £217,800. A 25% deposit is required to secure your choice of apartment(s) with a further 5% to be paid upon the commencement of building works (scheduled for January 2018).
The build period is expected to last around two years during which time, 5% interest will be paid on the deposit. Once the development is complete, the investor will pay the remaining 65% and investors who purchase units during this pre-launch phase will receive a guaranteed 7% rent yield for five years, after which they will have the option to make use of a vendor buyback scheme if they do wish.
While this offers a clear exit strategy to investors with a short- to medium-term outlook, Hopwood House believes that the Hadrian Tower development has outstanding long-term prospects due to the combination of its highly desirable location and the fact that Newcastle has become both an economic force (thanks, at least in part, to the Northern Powerhouse initiative) and one of the UK’s most popular university towns.
For more information on investing in buy to let property or to download our comprehensive buy to let property investment guide, please contact Hopwood House
