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No longer on the market

This property is no longer on the market

Property

Auction
Sold STC
Property
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *

Features and description

  • 16 apartments
  • Whitley Bay seafront
  • Great views
  • Close to Town Centre
  • Investment Opportunity
  • For Sale via Secure Sale - Terms & Conditions Apply
*For sale via secure sale online bidding: terms and 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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Area statistics

Crime score
High crime
10/10

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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