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Opto, Newcastle

Development Details

  • Price: £71,695.00
  • Location: Newcastle
  • Region: Tyne and Wear
  • Country: United Kingdom

Highlights

  • Invest from £71,695
  • Assured rental of 8% net for 5 years
  • Low entry level studio apartments
  • Already under construction
  • Estimated completion date: Q3 2019

Enquire about this Development

Information on Opto

Opto a contemporary new build student development located in a prime location in Newcastle. Opto is set to comprise of 227 fully furnished self-contained studios and an array of high-quality onsite facilities. The onsite facilities range from; a fully equipped gym, cinema room and external building set to host social events to a roof terrace with river views, courtyard with outdoor seating and private dining rooms.

Opto - Investment Highlights
Invest from £71,695
Assured rental of 8% net for 5 years
Low entry level studio apartments
227 studios across 8 floors
Array of onsite amenities
Flexible payment plan
Already under construction
Estimated completion date: Q3 2019

Opto - Nearby Amenities
0.2 miles – Quayside
0.4 miles – Northumbria University
0.6 miles – Sage Gateshead Arena
0.8 miles – Train Station
0.8 miles – City centre
1.0 mile – Newcastle University
1.2 miles – St James Station

Location Details
Newcastle is the 4th in the UK for student experience and nightlife, resulting in student numbers continuing to rise year on year with continuing to increase the demand for purpose-built student accommodation. Opto is located a short walk from Northumbria University (home to 27,165 students) and Newcastle University (home to 22,000 students), with 15% of all students from overseas. From 2010 to 2015 Newcastle University saw a 70% increase in student numbers and Northumbria University saw a staggering 110% increase. Therefore, there is a high demand from an undersupplied market.

Purchase Process
Option 1:
1. Reserve your unit with a £5,000 reservation fee
2. 25% of purchase price due on exchange
3. 25% of purchase price due October 1st, 2018
4. 25% of purchase price due January 31st, 2019
5. 25% of purchase price due on completion

Option 2: (2% interest on deposited founds)
1. Reserve your unit with a £5,000 reservation fee
2. 40% of purchase price due on exchange
3. 40% of purchase price due October 1st, 2018
4. 20% of purchase price due on completion

Development Availability

PropertySizeBedroomsPriceEnquire
Accessible Studio 21.37 square metres-£89,950.00Enquire
Studio15.25 square metres-£71,695.00Enquire

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Call us on +44 (0) 161 337 3890 or contact us using the form below

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  • All the way through the process you have kept us informed and dealt with the negotiations in a most professional way.

    Audrey & Colin | Lancashire

  • "My wife and I were looking for purpose built student accommodation for investment and, notwithstanding that we were not their clients, the team at Hopwood House took the trouble to identify our goals and then set about helping us to achieve them."

    Peter Taylor | Student Accommodation Investment

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  • Completed student development
  • 5th year operational
  • 7% net assured rental for 2 years
  • 10-minute walk to John Moores University Campus

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