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Beechwood Court, Front Street, Earsdon, Whitley Bay, NE25 9JU

Offers in Region of
£900,000

£93.00 per sq ft

Business rates & charges may apply

Sanderson Weatherall, Newcastle
SIZE AVAILABLE

9,677 sq ft

899 sq m

SECTOR

Industrial development for sale

Key features

  • Residential Investment Opportunity
  • Popular affluent village centre location
  • Comprising 12 flats
  • Let to private individuals
  • Guide Price £900,000
  • Current passing rent of £75,180 per annum
  • Net initial yield of 7.78%

Description

The property comprises a former care home which was granted change of use of in 2016 to create 12 self contained apartments, over ground and first floors. The use of the flats was to provide supportive living for elderly and physically disabled, however they are now let to private individuals by way of Assured Shorthold Tenancy Agreements.

Each of the flats comprise 1 bedroom (with the exception of flats 4 and 9 which have 2 bedrooms), a kitchen, lounge and bathroom. The building provides lift access to the first floor, and to the ground floor provides a communal lounge, conservatory, communal kitchen and an external courtyard area for the residents. The first floor comprises WC facilities, a guest bedroom, office and linen store.

The subject property is located on Front Street in Earsdon. Earsdon is a village in North Tyneside, situated between Shiremoor, Whitley Bay and Holywell.

Earsdon is accessed by the A192, linking with the A1058 (Coast Road) to the south and the A186 which provides direct access to the A19 to the west. The North Tyneside coastline is less than 2 miles away. Earsdon is serviced by local bus routes, providing access to Whitley Bay and Newcastle city centre.

Brochures

Beechwood Court, Front Street, Earsdon, Whitley Bay, NE25 9JU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shiremoor Metro Station0.7 miles
  • West Monkseaton Metro Station1.0 miles
  • Northumberland Park Metro Station1.3 miles

Notes

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Disclaimer - Property reference 189581-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sanderson Weatherall, Newcastle. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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