INVESTMENT SUMMARY
Located in the heart of Whitley Bay; a popular coastal town in the North East.
Unrivalled position on Whitley Bay's prime pedestrianised pitch directly between Greggs and Dicksons.
Immediately adjacent to Whitley Bay Shopping Centre.
Mixed-use investment comprising ground floor retail, first and second floor office accommodation, and a rooftop telecoms mast let to O2 Cornerstone
Total current income of £24,300 per annum, rising to approximately £36,300 per annum once the upper floors are re-let
Freehold
We are instructed to seek offers in excess of £320,000 (Three Hundred & Twenty Thousand Pounds) subject to contract, reflecting a net initial yield of approximately 7.59%, rising to approximately 11.34% once the first and second floors are let at £12,000 per annum.