A chance to invest in the high life

July 19, 2019

North East Investors and home seekers looking for something special are being given the opportunity to sample the ‘high life’ in Newcastle’s tallest tower

The 27-storey Hadrian’s Tower, which is set to transform Newcastle city centre’s skyline, will feature 162 one and two bedroomed apartments, enjoying some of the best views – and sunsets – in the region.

There are also proposals to create a champagne ‘sky-lounge’ and smart technology will support the modern day lifestyles of residents.

Developer High Street Residential will showcase the apartments and provide more details of the fantastic investment opportunities they represent at a special launch weekend at St. James’ Park on September 14-15.

The event presents a unique opportunity to snap up an exceptional home or acquire properties that offer a guaranteed 7 per cent yield and possibly more. To find out more and arrange to attend, email events@thehighstreetgroup.com.

The tower, being constructed by Tolent, also offers some of the very latest technologies including ultrafast full fibre optic cabling that will deliver connection speeds of up to 1Gbps (Gigabits per second) – around 21 times faster than the current Newcastle average and 25 times faster than the UK average*.

In addition to making gaming and film streaming extremely quick and easy – typically a feature film would download within a minute – the technology will also support smart security and energy management within the building, delivering lower costs and environmental benefits. Also being considered are smart apps that will allow residents to hire cars or cleaning services at the swipe of a screen.

Testament to the project’s appeal, over 50 per cent of the properties have sold off-plan to UK and overseas individual and institutional investors.

Gary Forrest, chairman of The High Street Group of Companies – of which High Street Residential is part – says: “Newcastle is benefiting from significant investment in medicine, research, education and technology. Our detailed research suggests that young professionals working in these fields are creating a high demand for the private rented sector – or PRS – accommodation.

“Already over 19 per cent of the UK population is renting privately and that figure is forecast to grow significantly. The North East is no exception and so we have responded to this demand by creating Hadrian’s Tower.

“We have carefully designed apartments that will appeal to young professionals and have backed this up with services and facilities which will encourage the development of a community in the tower.

“We have future-proofed the development through the inclusion of the latest smart technologies, designed to support the lifestyles of busy people. This, together with the central location of Hadrian’s Tower, in Rutherford Street, just off St. James’ Boulevard, are what make this project so appealing to renters who don’t want the constraints of homeownership.”

Furthermore, High Street Residential is also proposing to develop around 220 PRS apartments at Brett Wharf in Gateshead and a similar number at Pottery Lane, Newcastle, in projects valued at over £70 million.

High Street Residential
*Average broadband speed across Newcastle’s three Parliamentary Constituencies is 46.8 Mbps, according to research carried out by the House of Commons Library
www.commonslibrary.parliament.uk/science/technology/constituency-data-broadband-coverage-and-speeds/
More information about these and all UK projects can be found at www.highstreetresidential.co.uk

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