Summary - ST. ANNS QUAY, 118 APARTMENT 12 QUAYSIDE NEWCASTLE UPON TYNE NE1 3BB
2 bed 2 bath Flat
Buy-to-let with immediate rental income and long lease.
Two bedrooms with two bathrooms and open-plan reception
A two-bedroom Quayside apartment offered as a buy-to-let with an established long-term tenant in place. The property sits within a modern riverside development and includes two bathrooms, an open-plan reception, and private driveway parking — features that appeal to rental demand in Newcastle city centre.
The building is shown with ongoing external works/scaffolding, suggesting recent or current refurbishment to the façade. The flat benefits from shared front and rear gardens and compact, city-centre living space (approximately 764 sq ft) suited to professionals, students or short-term lets in peak periods. The lease is long (974 years remaining), reducing typical lease-related purchase complications.
Income is immediate: the current gross annual rent is £17,400, and the sitting tenants intend to remain. This makes the unit attractive to investors seeking instant yield; the location on the Quayside supports strong rental demand due to transport links, nightlife, and riverside leisure.
Material considerations: the local area records very high crime levels and broader area deprivation, which can affect tenant profiles, insurance and management costs. Broadband speeds are reported slow despite excellent mobile signal. A Buyers Premium applies to secure the sale — factor this into acquisition costs. Prospective purchasers should review the Let Property Pack and arrange a viewing and tenancy/financial checks before committing.
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