Sold
Newcastle upon Tyne – Rare unbroken freehold investment well positioned on popular promenade
Kittiwake House, Whitley Bay, Newcastle upon Tyne, NE26 2BL
Offers in excess of £2,150,000
- Property Type:
- Residential
- Sub Type:
- Block of Flats
- Tenure:
- Freehold
Description
- Freehold
- Unbroken block comprising 40 self-contained flats, arranged as: 11 x studios, 24 x one beds and 5 x two beds
- Very well located overlooking Whitley Bay’s popular and nationally renowned sea front
- Current rent Reserved: £173,760 per annum (36 flats let)
- Estimated Rental Value: £191,460 per annum (fully let)
- Gross Yield: 8.9% (based upon ERV)
- There is car parking to the front of the block for up to nine cars and to the rear for up to six
Viewing Schedule
Block viewings will take place on the following dates / times:
- Tuesday 9th July – 2pm
- Wednesday 17th July – 2pm
Should you wish to view, please contact Jordan Payler (0113 243 7957 / jordan.payler@allsop.co.uk). Please provide a name, mobile number and number of attendees.
Subject to contract