adderstonegroup.com RIALTO PORTFOLIO Residential investment opportunity Newcastle city centre Student / Keyworker / Young professional
adderstonegroup.com 2 EXECUTIVE SUMMARY Rialto is one of Newcastle s most impressive, purpose built apartment blocks, situated within a sought after location, sandwiched between the famous Newcastle Quayside, city centre and Northumbria University. This popular building is much in demand with students and young professionals and consists of apartments ranging from one to five beds. Investment opportunities at the building include two modern one-bed apartments, two five-bed duplex apartments and four brand new and impressive four-bedroomed penthouse apartments, completed in summer 2016. All of the investment opportunities, including the new penthouse apartments, continue to be fully let to students and young professionals year on year. These properties will all appeal to owner occupiers or investors.
adderstonegroup.com 3 EXECUTIVE SUMMARY Overview Two one-bed apartments Two five-bed duplex apartments Four four-bed apartments Double glazing On-street parking Price on application Discounts for multiple purchases Leasehold - expires - 31 Dec 2128 Ground rent varies as follows Unit 26 & 30 - five-bed duplex apartments - 250.00 per annum Unit 62 & 63 - one-bed apartments - 232.48 per annum Unit 64, 65, 66 & 67 four-bed penthouse apartments - 150.00 per annum Deals can be structured around meaningful rental guarantees
adderstonegroup.com 4 RIALTO Rialto was purpose built in 2006 by Persimmon Homes, and comprises apartments of varying sizes. Located minutes from the city centre and Newcastle s two successful universities, Rialto continues to be a popular accommodation choice for students and young professionals alike, with its terrific location and breath-taking views. The building also has an added advantage of underground parking. Adderstone Group is marketing two modern one-bed apartments and two five-bed duplex apartments as well as four new four-bed apartments which were completed in summer 2016. The new apartments have been constructed on the roof of the existing building and are attractive to investors and residents as they boast scenic views of Newcastle city centre and Quayside. Each of these penthouse apartments are fully fitted with modern fixtures and fittings, soft furnishings and televisions in living areas. High speed wireless broadband connection is available in the area.
adderstonegroup.com 5 ACCOMMODATION SCHEDULES Unit Beds Level Gross area Date built (approx. sq ft.) 26 5 6&7 1235 2006 30 5 6&7 1385 2006 62 1 0 312 2014 63 1 0 312 2014 64 4 5 722 2016 65 4 5 782 2016 66 4 6 722 2016 67 4 6 782 2016 TOTAL 6252 sq. ft.
adderstonegroup.com 6 APARTMENT 26 5 BED APARTMENT Duplex Ground Floor Level 6 Duplex First Floor Level 7
adderstonegroup.com 7 APARTMENT 30 5 BED Apartment APARTMENT 30 5 bed apartment Duplex Ground Floor Level Duplex 6 First Floor Level 7 Apartment 30 5 bed apartment Duplex First Floor Level 7 Duplex Ground Floor Level 6 Apartme 5 bed ap Duplex F Level 7 Bathroom Ensuite Living/Kitchen Area Bed 4 Bed 5 Bed 3 Bed 2 Bed 1
adderstonegroup.com 8 APARTMENT 62 1 BED APARTMENT Level 0 Level 0 1 bed apartment Apartment 62 APARTMENT 63 1 BED APARTMENT Level 0 Level 0 1 bed apartment Apartment 63 Living area Kitchen Living area Kitchen Living area
adderstonegroup.com 9 APARTMENT 64 4 BED APARTMENT Apartment 64 4 bed apartment Level 5 Level 5 4 bed apartment 722 sq. ft.
adderstonegroup.com 10 APARTMENT 65 Apartment 65 4 bed apartment Level 5 4 BED APARTMENT Level 5 4 bed apartment 782 sq. ft
adderstonegroup.com 11 APARTMENT 66 4 BED APARTMENT Apartment 66 4 bed apartment Level 6 Level 6 4 bed apartment 722 sq. ft.
adderstonegroup.com 12 APARTMENT 67 Apartment 67 4 bed apartment Level 6 4 BED APARTMENT Level 6 4 bed apartment 782 sq. ft
adderstonegroup.com 13 SPECIFICATION Individual specification per apartment is below and to follow - Apartment 26 five bedroom duplex apartment Completed in 2006. Integrated washing machine. Electric, fan assisted oven. Four ring electric hob. Integrated fridge / freezer. Instant hot water system. Blinds throughout. Carpet flooring with vinyl in kitchen and bathroom. Balcony with access from lounge and bedroom. Secure underground parking space. EPC below. Energy Efficiency Rating Apartment 30 five bedroom duplex apartment Completed in 2006. Integrated washing machine. Electric, fan assisted oven. Four ring electric hob. Integrated fridge / freezer. Instant hot water system. Blinds throughout. Carpet flooring with vinyl in kitchen and bathroom. Balcony with access from lounge and bedroom. Breakfast bar. Secure underground parking space. EPC below. Energy Efficiency Rating Current Potential Current Potential Very energy efficient - lower running costs (92 plus) (81-91) (69-80) (55-68) (39-54) (21-38) (1-20) A B C D E F G 46 70 Very energy efficient - lower running costs (92 plus) (81-91) (69-80) (55-68) (39-54) (21-38) (1-20) A B C D E F G 44 69 Not energy efficient - higher running costs Not energy efficient - higher running costs England & Wales EU Directive 2002/91/EC England & Wales EU Directive 2002/91/EC
adderstonegroup.com 14 SPECIFICATION Individual specification per apartment is below and to follow - Apartment 62 and 63 one bed apartment Completed in 2014. Integrated washing machine. Electric, fan assisted oven. Four ring electric ceramic hob. Integrated fridge / freezer. Instant hot water system. Roller blinds throughout. Wood effect vinyl throughout. Open plan kitchen / lounge. Wall mounted plasma television in lounge. EPC below. Apartments 64-67 four bed penthouse apartments All of our new penthouse apartments are furnished to a high standard and include the following Completed in 2016. Integrated washer / dryer. Electric, fan assisted oven. Four ring electric hob. Instant hot water system. Roller blinds throughout. Wood effect vinyl flooring with altro vinyl flooring in bathroom. Feature walls. EPC available on property completion. Apartment 62 Apartment 63
adderstonegroup.com 15 LOCATION AND TRANSPORT The Rialto building is situated within 200 metres of the campus of the University of Northumbria, 300 metres from the Millennium Bridge at the heart of Newcastle Quayside and 350 metres from professional offices on the famous Grey Street in the city centre. Rialto is also in the same quarter as a number of high quality purpose built student blocks including Manor Bank, Knoll Court, Anolha House and Liberty Quay Halls of Residence. The influx of students and young professionals into the surrounding area has encouraged many shops, amenities and cafés to open up in the locality. A popular café, Made Deli, is located within the ground floor of the Rialto building and a short distance away is the popular bistro bar, Nancy s Bordello. Key Locations Rialto Building Newcastle University Northumbria University intu Eldon Square Monument Metro Station Newcastle Quayside Central Station Ouseburn Manors Metro Station The Metro train network is accessed via Manors Metro Station, located 100 metres from Rialto, offering access across the city, into Gateshead, Newcastle Central Station and out to the coast. Newcastle Central Station is just over half a mile away, giving direct access to the East Coast mainline, with regular train services running directly to Edinburgh and London, as well as many other stations across the UK. Newcastle International Airport is 7 miles away from Rialto and easily accessible by Metro and car, providing access to over 80 destinations worldwide. The A1 & A19 motorways run straight past Newcastle upon Tyne creating easy car access from the North and South. Access to the West is provided through the A69.
adderstonegroup.com 16 STUDENT ACCOMMODATION In Newcastle upon Tyne student accommodation remains the best performing of the asset classes, offering excellent immediate and long term returns. With two large universities, Newcastle upon Tyne has a renowned reputation as a student destination city. Newcastle and Northumbria Universities accommodate over 60,000 students from all around the world. Nearby Newcastle College caters for over 20,000 students at its campus close to the city centre. In Newcastle, universities receive as many as seven applicants per place on some courses. The Knight Frank Student Report 2016 states that: The number of bedrooms provided by a combination of the universities and private sector schemes in Newcastle upon Tyne totals 16,001, representing just 37.9% of the total university student population and leaves 26,214 university students (62.1%) unable to access university or private sector accommodation. Northumbria University Campus 200 metres from Rialto
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For further information and prices please contact: Nicola Hughes Adderstone Group DD: 0191 269 1714 T: 0191 269 9900 nicolahughes@adderstonegroup.com 5 Maling Court Union Street Newcastle upon Tyne NE2 1BP adderstonegroup.com