Under Offer

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