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adderstonegroup.com
RIALTO
PORTFOLIO
Residential investment
opportunity
Newcastle city centre
Student / Keyworker / Young professional
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EXECUTIVE
SUMMARY
Rialto is one of Newcastle’s most impressive, purpose built
apartment blocks, situated within a sought after location,
sandwiched between the famous Newcastle Quayside, city
centre and Northumbria University. This popular building is
much in demand with students and young professionals and
consists of apartments ranging from one to five beds.
Investment opportunities at the building include two modern
one-bed apartments, two five-bed duplex apartments and
four brand new and impressive four-bedroomed penthouse
apartments, completed in summer 2016.
All of the investment opportunities, including the new
penthouse apartments, have been fully let for the 2016-17
academic year.
These properties will all appeal to owner occupiers or
investors.
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EXECUTIVE
SUMMARY
Overview
• Two one-bed apartments
• Two five-bed duplex apartments
• Four four-bed apartments
• Double glazing
• On-street parking
• Price on application
• Discounts for multiple purchases
• Leasehold - 112 years remaining, expiry - 31 Dec 2128
• Ground rent varies as follows
• Unit 26 & 30 - five-bed duplex apartments
- £250.00 per annum
• Unit 62 & 63 - one-bed apartments
- £232.48 per annum
• Unit 64, 65, 66 & 67 – four-bed penthouse apartments
- £150.00 per annum
• Deals can be structured around meaningful rental
guarantees
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RIALTO
Rialto was purpose built in 2006 by Persimmon Homes, and
comprises apartments of varying sizes.
Located minutes from the city centre and Newcastle’s two
successful universities, Rialto continues to be a popular
accommodation choice for students and young professionals
alike, with its terrific location and breath-taking views.
The building also has an added advantage of underground
parking.
Adderstone Group is marketing two modern one-bed
apartments and two five-bed duplex apartments as well as
four new four-bed apartments which were completed
in summer 2016.
The new apartments have been constructed on the roof
of the existing building and are attractive to investors and
residents as they boast scenic views of Newcastle city centre
and Quayside. Each of these penthouse apartments are fully
fitted with modern fixtures and fittings, soft furnishings and
televisions in living areas.
High speed wireless broadband connection is available in
the area.
All of the available apartments were let off plan well in
advance of the 2016-17 academic year.
Images for illustrative purposes only
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ACCOMMODATION
SCHEDULES
Unit
Beds
Level
Gross area
26
5
6&7
1235 2006
30
5
6&7
1385
2006
62
1
0
312
2014
63
1
0
312
2014
64
4
5
722
2016
65 4
5
782
2016
66
4
6
722
2016
67
4
6
782
2016
TOTAL Date built
(approx. sq ft.)
6252 sq. ft.
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APARTMENT 26
Apartment
Apartment
26 26
5 bed
apartment
5 bed
apartment
Apartment
Apartment
26 26
5APARTMENT
bed
apartment
5 bed
apartment
5 BED
Duplex Ground Floor
Duplex
Ground
Floor
Duplex
Ground
Floor
Level
6
Duplex
First
Floor
Duplex
First
Floor
Duplex
First
Floor
Level
Level
Level
7 77
Level
Level
6 6
Bed 4
Bed 4
Bed 1
Bed 2
Bed 3
Bed 1
Bed 2
Bed 3
Kitchen/Living Area
Kitchen/Living Area
Bed 5
Bed 5
3
4
5
3
6
4
7 5
8
9
8 6
9 7
13
12
13
12
Store
Bathroom
Bathroom
Store
Ensuite
Store
Ensuite
Store
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APARTMENT 30
5 BED
APARTMENT
Apartment
30
Apartment
30
Apartment Apartment
30
30
5 bed apartment
5 bed apartment
Duplex First Floor
Level
7 First Floor
Duplex First
Floor
Duplex
Level 7
Level 7
5 bed apartment
5 bed apartment
Duplex Ground Floor
Level 6
Duplex Ground
Floor
Duplex
Ground Floor
Level 6
Level 6
Bathroom
Ensuite
Bathroom
Ensuite
Living/Kitchen
Area
Living/Kitchen
Area
Bed 4
Bed 3
Bed 3
Bed 5
Bed 1
Bed 2
Bed 2
Bed 1
Bed 5
Bed 4
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APARTMENT 62
APARTMENT 63
Level 0
1 bed apartment
Level 0
1 bed apartment
Apartment 63
Apartment 62
1 BED APARTMENT
1 BED APARTMENT
Level 0
Level 0
Living area
Kitchen
Kitchen
Living area
Living area
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APARTMENT 64
Apartment 64
4 bed apartment
Level 5
4 BED APARTMENT
Level 5
4 bed apartment
722 sq. ft.
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APARTMENT 65
Apartment 65
4 bed apartment
Level 5
4 BED APARTMENT
Level 5
4 bed apartment
782 sq. ft
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APARTMENT 66
Apartment 66
4 bed apartment
Level 6
4 BED APARTMENT
Level 6
4 bed apartment
722 sq. ft.
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APARTMENT 67
Apartment 67
4 bed apartment
Level 6
4 BED APARTMENT
Level 6
4 bed apartment
782 sq. ft
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SPECIFICATION
Individual specification per apartment is below and to follow -
Apartment 26 – five bedroom duplex apartment
Apartment 30 – five bedroom duplex apartment
• Completed in 2006.
• Integrated washing machine.
• Electric, fan assisted oven.
• Four ring electric hob.
• Integrated fridge / freezer.
• Instant hot water system.
Apartment
Rialto Melbourne Street
Dwelling type:
Top-floor maisonette
•
Blinds 26
throughout.
NEWCASTLE UPON TYNE
Date of assessment: 10 December 2008
•
Carpet
NE1
2JR flooring with vinyl in kitchen and bathroom.
Date of certificate:
13 December 2008
• Balcony with access from lounge and bedroom.
Reference number: 8938-6522-5479-7560-2096
Total floor area:
115 m²
• Secure underground parking space.
•
EPC
below.
This home's performance is rated in terms of the energy use per square metre of floor area, energy
efficiency based on fuel costs and environmental impact based on carbon dioxide (CO 2) emissions.
• Completed in 2006.
• Integrated washing machine.
• Electric, fan assisted oven.
• Four ring electric hob.
• Integrated fridge / freezer.
• Instant hot water system.
Apartment
Rialto Melbourne Street
Dwelling type:
Top-floor maisonette
•
Blinds 30
throughout.
NEWCASTLE UPON TYNE
Date of assessment: 10 December 2008
•
Carpet
NE1
2JR flooring with vinyl in kitchen and bathroom.
Date of certificate:
13 December 2008
• Balcony with access from lounge and bedroom.
Reference number: 9755-2850-6428-0598-0271
Total floor area:
118 m²
• Breakfast bar.
•
Secure
underground
parking
space.
This home's performance is rated in terms of the energy use per square metre of floor area, energy
efficiency
based on fuel costs and environmental impact based on carbon dioxide (CO 2) emissions.
•
EPC below.
Energy Efficiency Rating
Energy Efficiency Rating
Energy Performance Certificate
Environmental Impact Rating (CO 2)
Current
Potential
Very energy efficient - lower running costs
(92 plus)
(69-80)
(92 plus)
B
(81-91)
C
(55-68)
70
D
(39-54)
(92 plus)
B
C
46
(21-38)
(1-20)
(39-54)
F
(21-38)
G
Not energy efficient - higher running costs
England & Wales
(69-80)
64
D
61
E
F
G
EU Directive
2002/91/EC
The environmental impact rating is a measure of a
home's impact on the environment in terms of
carbon dioxide (CO2) emissions. The higher the
rating the less impact it has on the environment.
Carbon dioxide emissions
Current
Potential
248 kWh/m² per year
267 kWh/m² per year
4.3 tonnes per year
4.6 tonnes per year
Potential
63
60
A
B
(69-80)
69
D
C
(55-68)
E
(1-20)
Estimated energy use, carbon dioxide (CO 2) emissions and fuel costs of this home
Energy use
C
44
(39-54)
F
(21-38)
G
England & Wales
D
E
F
G
(1-20)
Not energy efficient - higher running costs
England & Wales
The energy efficiency rating is a measure of the
overall efficiency of a home. The higher the rating
the more energy efficient the home is and the lower
the fuel bills are likely to be.
(81-91)
(21-38)
Not environmentally friendly - higher CO 2 emissions
EU Directive
2002/91/EC
B
(55-68)
Current
Very environmentally friendly - lower CO 2 emissions
(92 plus)
(39-54)
(1-20)
Potential
A
(81-91)
(55-68)
E
Current
Very energy efficient - lower running costs
A
(69-80)
Environmental Impact Rating (CO 2)
Potential
Very environmentally friendly - lower CO 2 emissions
A
(81-91)
Current
Energy Performance Certificate
Not environmentally friendly - higher CO 2 emissions
EU Directive
2002/91/EC
EU Directive
2002/91/EC
England & Wales
The energy efficiency rating is a measure of the
overall efficiency of a home. The higher the rating
the more energy efficient the home is and the lower
the fuel bills are likely to be.
The environmental impact rating is a measure of a
home's impact on the environment in terms of
carbon dioxide (CO2) emissions. The higher the
rating the less impact it has on the environment.
Estimated energy use, carbon dioxide (CO 2) emissions and fuel costs of this home
Energy use
Carbon dioxide emissions
Current
Potential
254 kWh/m² per year
271 kWh/m² per year
4.5 tonnes per year
4.8 tonnes per year
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SPECIFICATION
Individual specification per apartment is below and to follow -
Apartment 62 and 63 – one bed apartment
Apartments 64-67 – four bed penthouse apartments
•
•
•
•
•
•
•
•
•
•
•
All of our new penthouse apartments are furnished to a high
standard and include the following –
• Completed in 2016.
• Integrated washer / dryer.
• Electric, fan assisted oven.
• Four ring electric hob.
• Instant hot water system.
• Roller blinds throughout.
• Wood effect vinyl flooring with altro vinyl flooring in bathroom.
• Feature walls.
• EPC available on property completion.
Completed in 2014.
Integrated washing machine.
Electric, fan assisted oven.
Four ring electric ceramic hob.
Integrated fridge / freezer.
Instant hot water system.
Roller blinds throughout.
Wood effect vinyl throughout.
Open plan kitchen / lounge.
Wall mounted plasma television in lounge.
EPC below.
Apartment 62
Apartment 63
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LOCATION AND
TRANSPORT
The Rialto building is situated within 200 metres of the
campus of the University of Northumbria, 300 metres from
the Millennium Bridge at the heart of Newcastle Quayside
and 350 metres from professional offices on the famous
Grey Street in the city centre. Rialto
Key Locations
Rialto Building
Newcastle University
Northumbria University
intu Eldon Square
Monument Metro Station
Newcastle Quayside
Central Station
Ouseburn
Manors Metro Station
Rialto is also in the same quarter as a number of high quality
purpose built student blocks including Manor Bank, Knoll
Court, Anolha House and Liberty Quay Halls of Residence. The
influx of students and young professionals into the surrounding
area has encouraged many shops, amenities and cafés to open
up in the locality. A popular café, Made Deli, is located within
the ground floor of the Rialto building and a short distance
away is the popular bistro bar, ‘Nancy’s Bordello’.
The Metro train network is accessed via Manors Metro Station,
located 100 metres from Rialto, offering access across the city,
into Gateshead, Newcastle Central Station and out to the coast.
Newcastle Central Station is just over half a mile away, giving
direct access to the East Coast mainline, with regular train
services running directly to Edinburgh and London, as well
as many other stations across the UK.
Newcastle International Airport is 7 miles away from Rialto
and easily accessible by Metro and car, providing access to
over 80 destinations worldwide.
The A1 & A19 motorways run straight past Newcastle upon
Tyne creating easy car access from the North and South. Access to the West is provided through the A69.
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STUDENT
ACCOMMODATION
In Newcastle upon Tyne student accommodation remains
the best performing of the asset classes, offering excellent
immediate and long term returns.
With two large universities, Newcastle upon Tyne has a
renowned reputation as a student destination city. Newcastle
and Northumbria Universities accommodate over 42,000
students from all around the world. Nearby Newcastle College
caters for over 20,000 students at its campus close to the
city centre.
In Newcastle, universities receive as many as seven applicants
per place on some courses.
The Knight Frank Student Report 2014 states that: “whilst
structural under-supply is a feature of all core UK markets,
it remains most pronounced in locations such a Newcastle.”
Within this report, Newcastle was named as one of a few cities
which have experienced strong rental growth of between
three per cent and four per cent as a result of high-performing
universities and acute under-supply of accommodation.
The Knight Frank Student Report 2016 states that: “The
number of bedrooms provided by a combination of the
universities and private sector schemes in Newcastle upon
Tyne totals 16,001, representing just 37.9% of the total
university student population and leaves 26,214 university
students (62.1%) unable to access university or private
sector accommodation.
Northumbria University Campus – 200 metres from Rialto
For further information
and prices please contact:
Philippa Gray
Adderstone Group
DD: 0191 269 9948
T: 0191 269 9900
[email protected]
5 Maling Court
Union Street
Newcastle upon Tyne
NE2 1BP
adderstonegroup.com