Opto is the newest Exciting Development to be launched in Newcastle
Hopwood House are delighted to announce the launch of Opto, an exciting property investment opportunity in a prime area within Newcastle-upon-Tyne. The Opto development in Newcastle is a modern new-build student development, offering students a fantastic place to live whilst they study and work within the city. Newcastle as a city is considered to be the 4th best within the UK for the overall student experience and nightlife, attracting continuously increasing numbers each year to the city for their studies.
Newcastle has grown over recent years into a very desirable place to live, and with this has come endless investment opportunities. With the student property investment sector in particular, the increasing number of students combined with the high yields and great attractions to the area, such as major universities and other amenities, has meant that Newcastle’s popularity constantly rises. Therefore, not only do students in particular enjoy the life that Newcastle has to offer, but buy-to-let investors have the opportunity to benefit from a successful investment.
A Contemporary Student Development in a Fantastic Newcastle Location
The new-build Opto development is a fantastic student development in a great location within Newcastle, consisting of 227 fully furnished and self-contained studios. As well as the stunning studios, Opto also features a range of great onsite facilities, including a social events building, a roof terrace with river views, private dining rooms, a cinema room and a fully equipped gym.
Opto is situated in a prime location within Newcastle, being just a very short walk away from both Northumbria University and Newcastle University, of which are two major UK universities. Northumbria University saw a 110% increase to student numbers between 2010 and 2015, whilst Newcastle University also saw an increase of 70%, highlighting the opportunities available in terms of the demand for this type of property within the area. As well as the universities, the Opto development is also nearby to a number of the city’s train stations, the Sage Gateshead Arena and also the city centre.
Great Returns Guaranteed on the Opto Development
The Opto development presents itself as a fantastic student accommodation investment not to miss out on and is set to be completed in Q3 of 2019, whilst prices start at just £71,695. The development is already under construction, offering investors an assured rental of 8% net for 5 years, highlighting how success this investment opportunity can be for investors.
When looking to invest in the Opto development, there are two options that you have in terms of completing the purchasing process, including:
Option 1 – You will reserve your property with a reservation fee of £5,000, with 25% of the purchase price due on exchange, 25% due on 1st October 2018, 25% due on 31st January 2019 and the remainder due on completion.
Option 2 (2% interest on deposited funds) – You will reserve your property with a reservation fee of £5,000, with 40% of the purchase price due on exchange, 40% due on 1st October 2018 and the remainder due on completion.
