Since our last update in February, construction of The Glass Works student block in Newcastle has made excellent progress, with the modular construction near completion.
The pre-fabricated modules have arrived from China and the modules have been assembled for Block E, with the internal fit-out currently under way.
The operator of The Glass Works, CRM Students, continue to promote the purpose built student accommodation for rental in September 2015 for the 2015/16 academic year.
The final release of 8 units at Glass Works are available. With the development scheduled for completion in the summer and studio apartments starting from £55,000, they are expected to sell quickly.
Studio apartments are projected to generate up to 10% net rental return in the first year and the properties are sold with a minimum rental assurance of 7% net for a period of 3-years.
For further information on Glass Works Newcastle, please click here.