- Freehold block investment
- Originally two substantial period houses
- Converted into 6 self-contained flats
- Fully occupied with all units currently let
- Producing an established rental income
- Potential for future rental growth and asset enhancement
- Prime coastal location
6 Bedroom Terraced House for sale in Whitley Bay
6
6
6
A rare opportunity to purchase a substantial freehold residential investment property occupying a prominent and highly sought after location just off the sea front on the Esplanade. Close to the town centre and local amenities the property comprises, originally two houses, of 6 SELF-CONTAINED FLATS.
A fantastic opportunity for investors to purchase 6 self-contained flats, currently fully let and producing a fabulous income. The development consists of one and two bedroom apartments, many of which are much larger than average and enjoying gas central heating and double glazing.
All six properties are let on an insured shorthold tenancy agreement (subject to contract and verification) generating an attractive rental income. Full tenancy schedules, rental figures and EPC documents are available to seriously interested parties upon request.
30a Esplanade One bedroom ground floor flat, approximately 775 sq ft, producing an income of £625 per month.
30b Esplanade Two bedroom, first floor flat approximately 795 sq ft, producing an income of £750 per month.
30c Esplanade A good size top floor apartment, larger than average at 904 sq ft, producing an income of £695 per month.
31a Esplanade One bedroom ground floor flat, approximately 1,000 sq ft, producing an income of £625 per month.
31b Esplanade Two bedroom, first floor flat approximately 795 sq ft, producing an income of £750 per month.
31c Esplanade Two bedroom top floor flat approximately 883 sq ft producing an income of £795 per month.
. This development, fully let, has been known to us for a number of years and provides a fabulous opportunity for someone looking for long term income.
Gross Income Currently producing a gross income in the region of £42,500 (plus rent for 6th flat which is currently in the process of being let out)
Lounge
Kitchen
Bedroom One
Bathroom WC
Location Map
Agent's Notes Further information available from the agent upon request.
Important Information
- This is a Freehold property.
Property Ref: CCS260132
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