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SHARPERTON HOUSE, BYRON STREET, SHIELDFIELD, NEWCASTLE-UPON-TYNE NE2 1XH STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY SHARPERTON HOUSE BYRON STREET, SHIELDFIELD, NEWCASTLE-UPON-TYNE NE2 1XH STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY PRIVATE CLIENT SHARPERTON HOUSE, BYRON STREET, SHIELDFIELD, NEWCASTLE-UPON-TYNE NE2 1XH STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY INVESTMENT SUMMARY Purpose built modern student block constructed in 2006 • Situated in the popular university city of Newcastle • 9 apartments providing 30 en-suite rooms • Let for the academic year 2016/17 with a landlord guarantee for 2017/18 of £160,000 p.a. • Total current gross rent passing of £154,013 p.a. • Prominent student location in close proximity to both Northumbria University and Newcastle University • The two universities benefit from a full time student population of over 43,000 • Recent refurbishment works to the property undertaken in 2016 • Freehold • We are instructed to seek offers in excess of £1,650,000 (One Million Six Hundred and Fifty Thousand Pounds) subject to contract. This equates to an attractive net initial yield of 9.20% and a triple net yield of c.7%, after allowing for purchaser’s costs of 5.45% representing a low capital value of £196 psf. SHARPERTON HOUSE, BYRON STREET, SHIELDFIELD, NEWCASTLE-UPON-TYNE NE2 1XH STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY M i l t B o 1 n 6 B C 0 1 l 0 o 3 1 s S e t 8 o d d ce d a ra T er ar o e t t R n e S a o e M t i t r ilto r t r s n d Pla e o S d c e e a ( ) r t 167 M a l t c o e i t G R s V e d n h r e C e o t f u e y Q e r d t M n i lt S o n a Gr d e l S t e e i S n h n S o r y B t S N a p ia S cy t r e P l ary’s P 7 St M 0 CITY CAMPUS 3 SHPTO 1 F B a l c Hayaret o HOS M PEDESTRIAN n t a FOOTBRIDGE r e e S r t t r S e e n t e New C H d N m O a C R T H U MB E R D 309 ura L B1 n ce A t R ra N d r e t D T S S n PRINCESS o e T SCHOOL OF s c RE p i m n S e E SUAREJ DESIGN r T o t a S l h n r C a D n o o b c s l o a t W F ge S n rid w B S Bridge St Ne t A193 New Manors M te ga Monuent M ow ll t 0 a S t 0 B1311 G e A k 6 ar r M g 1 y B CITY CENTRE l e 167(M) P S t i t l g S r n i t m n S Ho xto o ward St u s S B G t b r i e t G y Manors e S rn S ou t elb M t S r N e e w t ng S G ne at ai ur e G lbo S Gr r e t e M B y 186 13 S A Pi 0 t lgr d t 7 im S R S G t ity r C n eat to M 86 y ark t 1 la e S A C t y sle o M 6 Wes 8 D tga 1 e te R A a d urch n 167(M) Ch Ya ’s r S ic d t S t N A1 86 W t estg d S S W a t o te R o N t d w S g i G M in c 0 ll h 0 n o S C o id 16 o B la e t s e y id ’ a W s l e S ay s t u C t tg Q le S a t 0 l t S vi e 0 Ne R n 6 d e 1 86 e B 1 u A A Q 1 6 7 T ill y dh n rth St n e Fo Sa B r id ewcastle g e A 1 6 7 00 16 B se lo C B1 nks 60 h Ba 0 Fort Newcastle W y International A Ouston Airport A A Airfield A Tynemouth Gorth LOCATION A South A NEWCST S A Located on the north bank of the River Tyne, the popular City of Carlisle and Cumbria to the west. Rail services are provided via Nwburn Jarrow A PO T A Newcastle-upon-Tyne is the regional and economical capital of the East Coast Mainline from Newcastle Central with quickest A A Geshead the North-East of England. The City benefits from some 280,000 journey times to Sunderland, Edinburgh and London Kings A residents and forms part of the wider Tyneside conurbation with Cross of 19 minutes, 1 hour 27 minutes, and 2 hours 50 minutes A A (M) A A a total catchment area of approximately 1.5 million. Newcastle respectively. A A A SUNDERLAND is located approximately 280 miles north of London, 100 miles Newcastle International Airport is located 6 miles north west north of Leeds and 109 miles south of Edinburgh. of the city centre on the outskirts of Newcastle. The airport A A Cer-le-Street The City benefits from excellent transport links being located in handles approximately 4.8 million passengers annually with direct close proximity to the A1 and A19, providing access to both the routes to 80 UK, European and International destinations. A A A (M) A north and south of the UK, and the A69 connecting the city to A D A A HARTLEPOOL A A Bishop A A (M) A A A A A Billingham Redcar A A MIDDLESROUGH Barnard A C A A A Don A Durham A Tees Valley International Airport A (M) A A A SHARPERTON HOUSE, BYRON STREET, SHIELDFIELD, NEWCASTLE-UPON-TYNE NE2 1XH STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY SITUATION Sharperton House is situated on a prominent corner position to the west side of Bryon Street at its junction with Camden Street and Falconar Street. The property is located in the district of Shieldfield, an established student accommodation area, adjacent to Liberty Central Student Residence (850 beds) and opposite to Glenamara House Student Residence (310 beds). The property is ideally located for both Universities: Northumbria Univeristy’s Pandon Building is located less than a minute’s walk to the south of the property and the university’s ‘City Campus East’ is located a five minute walk to the west. Newcastle University’s ‘King’s Road Campus’ and Student Union is located a 12-minute walk to the west. Northumberland Street and the City Centre are within a 0.5km walk of the property and the city’s main attractions can all be reached in under 15 minutes by foot including the Millennium Bridge, Eldon Square Shopping Centre and The Grey’s Monument. DESCRIPTION • The property comprises a purpose built student block arranged over ground and three upper floors • The block is of steel frame construction with brick elevations 9 1 and solid concrete floors. The roof is metal clad and the property o t benefits from double glazed aluminium-framed windows 7 throughout 1 • Internally the block is divided into 2 studio apartments, B 1 two bedroom apartment, 2 three bedroom apartments and 4 five bedroom apartments, all with lounge and kitchen space • In total the accommodation provides 30 en-suite rooms with units T E 3, 5, 7 and 8 benefiting from private balconies from their respective E living spaces. Unit 1 also benefits from direct access to a private R T garden S • Each flat is let on a fully furnished basis and the rent is inclusive of N bills including electricity and internet. The kitchens provide electric O R cookers, hobs and white goods. Each bedroom benefits from a ¾ Y size bed, desk and storage facilities. Every bedroom includes a wet B room with an electric shower, W.C and basin. • The electricity and water are individually measured per flat • The property has benefited from recent refurbishment of all the apartments, the extent of the works differ per flat and details can A be provided on request e s • Broadband provision has recently been upgraded to meet both u Victoria Hall o the existing and future bandwidth requirements of the students 8 H o n who typically have a much higher consumption ratio compared t o 1 t with the national average. Five separate internet connections with r e 6 wireless access points in each of the flats have been made available p 1 r providing consistent download speeds of up to 80 Mbps. The a 8 provision of this capability is particularly important to students for h 4 S 2 both academic and recreational purposes 2 10 1 CA MDEN S © Crown Copyright,TRE ESE 100004106.T For identification purposes only. 43.6m 44.0m Glenamara House 0m 5m 10m 15m Ordnance Survey © Crown Copyright 2017. All rights reserved. Licence number 100022432. Plotted Scale - 1:464 SHARPERTON HOUSE, NEWCASTLE BYRON STREET, SHIELDFIELD, NEWCASTLE-UPON-TYNE STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY NEWCASTLE: A STUDENT CITY Newcastle-upon-Tyne is host to two leading universities: Newcastle University and Northumbria University.

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