Property
Key information
Features and description
- 16 apartments
- Whitley Bay seafront
- Great views
- Close to Town Centre
- Investment Opportunity
- For Sale via Secure Sale - Terms & Conditions Apply
We are pleased to offer to auction these former bars/nightclubs that were converted into 16 apartments in circa 2014/15. Flats 15 and 16 were converted in 2018.
It is a mid end terraced, period property that's in principally set across three storeys and is of cavity brick construction. It lies beneath a pitched roof with a slate covering, the rear of which has replaced with composite slates in 2014/15, according to the borrower.
The property is entirely rendered to the front elevation and is unrendered to the rear. The property includes uPVC frame double and triple glazed windows, with the latter being found to the front elevation.
To the rear, there is a private parking courtyard, accessed via a double width rolling shutter garage door. There us unallocated parking for four cars to the front of the property, alongside a communal front area, bounded by a low wooden fencing.
The site area extends to 0.216 acres (0.087ha).
Rooms
Location
The subject property is situated within South Parade, Whitley Bay, Tyne and Wear. Whitley Bay is an established north east coast town around nine miles east of Newcastle city centre. The location serves a substantial local population and surrounding areas as well as attracting day visitors from around the region and holiday visitors from around the country.
Accommodation
The 16 apartments are predominantly one to two beds, with the addition of three maisonettes (two three beds and one four bed).
There are multiple communal and independent access points to the front and rear, which give access to different apartments/different parts of the building.
The outlooks and access arrangements vary, with some having the benefit of sea views, particularly for the maisonettes. Some are accessed from the rear.
Rental Income
Rents per annum.
Flat 1: £5,700
Flat 2: £5,700
Flat 3: £5,700
Flat 4: £5,700
Flat 5: £6,600
Flat 6: £5,700
Flat 7 : £6,300
Flat 8: £8,400
Flat 9: £8,400
Flat 10: £9,600
Flat 11: £5,100
Flat 12: £6,000
Flat 13: £6,600
Flat 14: £6,600
Flat 15: £6,600
Flat 16: £6,600
Tenure
Freehold. Title numbers TY91436 & TY94730.
EPC
All available upon request.
Flats 1-14 & 16: Rating C,
Flat 15: Rating D.
Council Tax
All flats band A.
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