icons_size_white icons_size

AGENT'S DETAILS


FOR SALE - 230-234 Whitley Road and 1-9 South Parade, Whitley Bay, North Tyneside, NE26 2TA

For sale: £1,100,000.00|9608 Sq Ft

PROPERTY DETAILS

FOR SALE£1,100,000.00
SIZE9608 Sq Ft
ADDRESSFOR SALE - 230-234 Whitley Road and 1-9 South Parade, Whitley Bay, North Tyneside, NE26 2TA
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON9th February 2021

DESCRIPTION

The property comprises a substantial three storey building with net internal floor area of approximately 9,608 sq ft, situated in the heart of Whitley Bay town centre, close to Park View Shopping Centre and national retailers including Sainsbury’s, Iceland, Greggs, Newcastle Building Society and William Hill, among others. Situated in a prominent corner position, there are frontages to the building on South Parade and Whitley Road. The property is less than 0.5 miles from the iconic Spanish City & sea front. Morrisons Supermarket is also nearby.
Flats 1-4, 1-3 South Parade have been newly refurbished to a high standard and could be suitable for both tenants and owner occupiers. All apartments comprising a large open plan living space with lounge, dining area and kitchen as well as two bedrooms; one of which has an en-suite plus separate family bathroom. If marketed, we would expect them to each attract rents of around £650 pcm.
The flats at 7a and 7b South Parade are extremely large at around 1,173 sq ft per apartment. Both flats are two beds and we suspect there may be opportunity to add value in the future by refurbishment or breaking up into a greater number of smaller flats.
The roof covering and windows throughout the upper floors have all been replaced very recently.

LOCATION

Location: FOR SALE - 230-234 Whitley Road and 1-9 South Parade, Whitley Bay, North Tyneside, NE26 2TA

Cramlington (6.9 miles)

Heworth (7.7 miles)

Manors (8.0 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here