This studio apartment is being sold by auction, with a starting bid of £20,000 plus a reservation fee. The property is located in the Newcastle True Suites, a private student accommodation with an on-site gym and cinema room. The unit is on the ground floor and has an area of 19 square meters, with a modern bathroom and kitchenette. The current net rent is approximately £3,250 per annum, making it an ideal investment opportunity for students at Newcastle or Northumbria University. The property is leasehold, with a 995-year lease granted in 2015, and the buyer must complete the purchase within 56 days of the auction.