Studio flat for sale

H0TEL 52, South Parade, Whitley Bay, Tyne and Wear, NE26

£75,000

Property Description

Key features

  • 8% NET return years 1-5, 9% NET years 6-10 (paid quarterly)
  • 110% buyback in years 5-10
  • Fully furnished suites from 75,000
  • Boutique 32 room hotel
  • Refurbished and operational hotel
  • 2 on site restaurants
  • Client booking rates from 40 to 145
  • Room rates from 40 to 145
  • Majority of bookings are repeat from Expedia and booking.com
  • 70% repeat customers

Full description

Tenure: Leasehold

Hotel 52 is an exclusive 32-bedroom hotel located in an excellent position in Whitley Bay. Whitley Bay is ideally located for exploring all the North East has to offer; not only the award-winning beaches of Tynemouth and Northumberland but the historic landscapes of Hexham and County Durham.

Hotel 52 is only 25 minutes from Newcastle city centre by Metro and Newcastle Airport is only 30 minutes' drive by car. The International cruise terminal at Royal Quays is just 10 minutes' drive away. Each room in the hotel has been refurbished to a premium standard, offering en-suite facilities and extremely comfortable beds.

With options of single, double/twin, triple and family rooms, the hotel can accommodate any size party.


Listing History

Added on Rightmove:
01 December 2017

Nearest stations

  • Whitley Bay (0.3 mi)
  • Monkseaton (0.6 mi)
  • Cullercoats (0.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Westport Invest, London

16-28 Tabernacle Street. London, EC2A 4DD

020 3858 3043 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Whitley Bay (0.3 mi)
  • Monkseaton (0.6 mi)
  • Cullercoats (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Westport Invest, London

16-28 Tabernacle Street. London, EC2A 4DD

020 3858 3043 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 52-H0TEL. 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 Westport Invest, London. 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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