7% for 5 YearsAssured NET Yield
Fresh Invest is delighted to offer an opportunity to invest in a landmark 26 storey development located on St James’s Boulevard, Newcastle.
Hadrian’s Tower, situated on St. James’ Boulevard Newcastle upon Tyne, offering unrivalled views of Newcastle city centre. At 26 storeys it is the tallest building in Newcastle and offers exclusive living accommodation. Its landmark architectural style and contemporary interiors make it one of the most sought after addresses in the City. Internal apartment features include modern fitted kitchens with integrated appliances, contemporary bathroom suites and spacious apartment living areas. Features include 24 hour security and concierge, onsite property management, café and laundry.
Located in a highly accessible location in close proximity to Newcastle Regeneration Zone and a world-class Medical University, Hadrian’s Tower is an iconic 26 storey, 82 metre tower and a landmark for a world-class city. Comprising stylish apartments and exceptional facilities Hadrian’s Tower will be a beacon on Newcastle’s skyline.
DESIGN AND PRODUCT
The local market place contains a mass-market at senior student and postgraduate levels. The Rutherford Street scheme would include up to 112nr 2 bed units and 50nr 1 bed units. We have provided a majority of 2 Bed units,
as it aligns more to the market absorbency in the City Centre, and facilitates flat sharing.
The 2 bed units have mass-market appeal, as over half the units are ‘dumbbell’ layouts. This provides a flexible
balance and good fit for the postgraduate market place. For example, shared accommodation in the lower-mid floor levels will cost each party as low as £121 per week.
There are 1,800 students on the Science Park alone, who are only guaranteed their accommodation for the first year. The students on the Science Park must then seek accommodation for later years and their intern time in the specialist research centres and the University Hospitals. We anticipate that this block will be filled with a combination of postgraduate professionals and the top decile of the traditional private rental market.
Newcastle is rich in heritage with an established economy and excellent transport links, including a large airport with daily flights to global destinations. World-class culture, vibrant night-life, award-winning dining, inspiring heritage, fantastic shopping and acclaimed architecture are all found in Newcastle.
Newcastle upon Tyne is the regional capital of the North East of England with approximately 1.6 million people living within 45 minutes of the city. The city benefits from access to the main train station with intercity connections throughout the country, and excellent road communications with the A1(M) and A194(M) providing direct access to Leeds, Edinburgh and London.
Newcastle Science Central is the current regeneration zone in Newcastle City Centre. It comprises of the regeneration of the former Newcastle Breweries site, St James’ Metro station and St James’ Boulevard.
Regeneration begun in the 00’s but has been expedited since 2010. It is about 60% complete and over 80% contracted.
Our site is located just off St. James’ Boulevard facing the Science Central – Science and Civic zone. The site is coloured red and is located on St James’ Boulevard between the new regeneration and the retail city centre of Newcastle.
St James’ Boulevard was commenced as a regeneration corridor in the late 1990s. The corridor was completed by 2010 and includes the construction and completion of a 12 storey car-park, a hotel (Waterloo Square), residential/ commercial accommodation (Citygate) and leisure facility (Dance City).
The new corridor extended the gateway to the City out from its old City Wall line and land-locked the retail zone.
The only site that remains undeveloped along the City side of St James’ Boulevard is the Rutherford Street site.