The Bar – Newcastle
Property Description: 8 two bedroom, and 2 one bedroom, high spec apartments in a large multi-story purpose built development in the Newcastle town centre.
The apartments include fully fitted kitchens and bathrooms, wood panel flooring, electric central heating, double glazed windows, and spot lighting. Parking for units on the 8th and 9th floors, which have slightly larger more expensive apartments, is provided on site. Additional parking for other floors is provided in a secure facility a bloc from the building and is not specifically allocated to units.
Seven units are fully furnished to high corporate standard including full kitchen, accessory, and entertainment packs.
Terms of Ownership: Leasehold
Developers: Persimmon Homes
Management Company: Trinity Estates
Use: Initially upon completion, 3 of the flats were let on standard AST’s while the rest were furnished and let on short-term contracts as serviced apartments. They have now all transitioned to standard AST’s which have proven more lucrative under current market conditions. Because of the high level of furnishing in the properties, they attract many corporate and embassy clients and command higher rents than other similar units within the development.
The properties are administrated and maintained by a series of local agents and are managed from our Luton office.