Floorplan
Map
Area statsHotel for sale
Features and description
- Freehold Title
- Development/Investment Opportunity
- Full Planning Permission Granted
- Great Transport Links
- For change of use from C1 (guest house) to 3 x 2 bedroom flats and 2 x 1 bedroom flats (Class C3)
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Substantial Guest House with Planning Permission for Residential Conversion – Prime Seafront Location
Situated in a prime coastal position on the highly desirable Esplanade in Whitley Bay, this property offers a fantastic opportunity to acquire a large freehold building in one of the North East’s most sought-after seaside locations. Currently operating as a guest house, the property is believed to comprise of approximately 14 bedrooms arranged over multiple floors together with a range of additional reception and service rooms. The overall size and layout offer excellent scope for redevelopment or refurbishment, subject to the necessary consents.
The site benefits from full planning permission for change of use from C1 (guest house) to 3 x two-bedroom flats and 2 x one-bedroom flats (Class C3) including a refuse storage area, external cycle storage units for six cycles and proposed external alterations to the windows and rooflights at the rear, subject to conditions. Further information can be found on the North Tyneside Council Planning Portal under reference 24/01340/FUL.
Properties of this scale in such a prominent seafront position rarely come to market and the building presents significant potential for developers, investors or those seeking a large property with multiple future uses.
Whitley Bay is a vibrant and increasingly popular coastal town known for its award-winning beaches, attractive promenade and thriving town centre. The area benefits from a wide range of cafes, restaurants and independent shops, as well as excellent transport links via the Tyne and Wear Metro providing convenient access to Newcastle upon Tyne and the wider region.
This is a rare opportunity to secure a sizeable property in a prime location with approved development potential, offering strong appeal to investors and developers alike.
Rooms
Location
The subject property is located just off Whitley Road, providing good road and transport links. The property is surrounded by local amenities and it is located approximately 0.2 miles from Park View Shopping Centre.
Planning Permission
The site benefits from full planning permission for 'Change of use from C1 (guest house) to 3 x 2 bedroom flats and 2 x 1 bedroom flats (Class C3) with refuse storage area and external cycle storage units for 6 cycles and proposed external alterations to the windows and rooflights at the rear' subject to conditions. Further information can be found North Tyneside Council Planning Portal under the reference 24/01340/FUL.
Tenure
Freehold. Title number TY100848.
EPC
Available upon request.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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