THE GLASSWORKS NEWCASTLE

THE GLASSWORKS
NEWCASTLE

The Glassworks is a bustling trendy student accommodation development that is located just a short walk from the city centre and universities in Newcastle. It offers students an enviable blend of easy access to the city whilst also being a short walk to their respective academic institutions. The development itself is one of the higher-end student accommodation developments within the city ensuring the property is fully let year on year. For investors, the property presents an opportunity to diversify your portfolio and purchase a property belonging to the fastest-growing asset class delivering an immediate 7% yield on a development that is already completed and operational with an amazing track record of occupancy.

Why Newcastle?

Newcastle is home to two prominent universities, Newcastle University and Northumbria University.
Newcastle’s economy is characterized by diversity such as finance, healthcare, education, and digital technology.
Substantial urban regeneration projects in recent years, transforming former industrial areas into modern residential and commercial spaces
Science and technology parks, incubators, and accelerators has led to an increase in startups and small-to-medium-sized enterprises (SMEs), creating employment opportunities
Quayside and Ouseburn Valley have been revitalized, creating new opportunities

Useful Information

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Development Facts

DEVELOPMENT NAME

The Glassworks, Newcastle

DEVELOPMENT ADDRESS

Prestige Student Living The Glassworks, Coquet St, Newcastle upon Tyne NE1 2QF

DEVELOPER

Glassworks Newcastle Ltd

MANAGEMENT COMPANY

HFS – Homes for Students

RENTAL INCOME

7% NET Assured for 1 Year

HEIGHT

4 Storeys

COMPLETION

Completed

TENURE

Leasehold

GROUND RENT

£250 per annum

service charge

£2,280 per annum (inclusive of all utility and living costs)

COMMUNAL FACILITIES

CCTV
Bike storage
Communal Garden/Courtyard
Communal Relaxing and Study area
Contents Insurance
Cinema Room
Organised social event
24×7 staff support
Lift

INCLUDED IN EACH STUDIO

Fully furnished (Bed, desk, chairs wardrobe, chest of draws etc.)
Television
WIFI
Microwave Oven
Utility Bills included
Fridge
Electric Hob

TRANSPORT

10 min walk to Manors Train Station
25 min walk to Newcastle Station (10 min drive)

NUMBER OF UNITS

24 Studio Apartments

PAYMENT PLAN

£5,000 reservation fee
£70,000 on exchange and completion

NEARBY FACILITIES

15 min walk to Northumbria University main Campus
10 min walk to Northumbria University Business School
28 min walk to Newcastle Business School
12 min walk to Gateshead Bridge
23 min walk to Newcastle University
35 min walk from Newcastle College
18 min walk to city core (Northumberland Street)
10 min walk to Quayside
21 min walk from Newcastle Law School

Investment Highlights

45,000 strong student population
100,000 students in the wider North East Region
Two Main Universities – University of Newcastle and Northumbria University
Students contribute and estimated £500 million to the Newcastle economy
High graduate retention rate of 55%
Student population have more than doubled in the past 20 years
Newcastle GVA worth £13 billion
Newcastle population of 293,000, wider Tyneside-Wearside Metropolitan area of 1,122,000
Assured rent for 1 year
Proven track record over past 5 years of 100% occupancy
High quality interior and communal facilities compared to many other accommodations within the area

The Opulent Honest Opinion

The Glassworks offers investors the perfect opportunity to capitalise on the booming student housing sector within the UK. The student population stands at 45,000 but is growing year on year as both Newcastle University and Northumbria University expand. This in turn is putting upward pressure on the current student housing stock. Whilst there has been a number of developments that have been built to cater for this need within the city, it lags far behind demand within the city centre.

Furthermore, The Glassworks stands out as one of the higher quality student investments on the market. This in turn means that occupancy levels have always remained high and will continue to, moving forward. With rents having been set relatively cheaply this year as well, there is good scope to increase the rents next year and moving forward. This is an ideal opportunity to add a secure, hassle-free cash investment to your portfolio at a very reasonable price.