Newcastle a great new location for our latest opportunity in the UK’s best-performing asset class. Opto Student Newcastle features 223 self-contained studio suites. In a Purpose-built student development (PBSA). Upon completion, studio apartments will deliver 8% annual NET returns, assured for 5 years.
Following the success of three completed and occupied student developments delivered by Opto Property Group, we are pleased to exclusively launch the developer’s fourth student property investment in Newcastle. Fully managed and delivered fully furnished, Opto Student Newcastle is a high yielding income-generating asset.
Opto Newcastle Property Management
The Property will be fully managed by Opto Living. Opto Student Living is a specialist student property management company that has been successfully operating since 2014.
With three fully occupied developments, Opto Student Living has a high level of student retention and delivers a complete service. Furthermore, the residents will benefit from on-site management to in-house events designed to build the #TeamOpto community. Therefore aiming to provide a complete student living quarters within a secure environment.
There are two large universities within a 15-minute walk. Consequently, there are around 50,000 students in the city. Furthermore, estimates show that 28,035 students (64.6%) are unable to access university or private sector student accommodation. Therefore, making Opto Newcastle’s location ideal location to serve the swelling demand for student housing.
The contemporary development is perfect for both Newcastle University and Northumbria University students and offers city centre, waterfront accommodation. Newcastle is ranked 4th in the UK for an all-round student life style and is notorious for its student nightlife. Furthermore, the well-loved city is home to a large population of international students (15% of all students are from overseas) In addition to this, in 2017 there was a 6.3% rise in applications to study in Newcastle.
Opto Student Newcastle Specification
- 207 Self-Contained Studio Apartments
- Modern Gym
- Games Room
- Outhouse for Events
- Communal Kitchen with Dining Rooms
- Roof Terrace with River Views
- Courtyard with Outdoor Seating Areas
- On-site Management and 24/7 CCTV
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