Esplanade, Whitley Bay, NE26
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold block investment
- Originally two substantial period houses
- Converted into 6 self-contained flats
- Fully occupied with all units currently let
- Producing an established rental income
- Potential for future rental growth and asset enhancement
- Prime coastal location
Description
A fantastic opportunity for investors to purchase 6 self-contained flats, currently fully let and producing a fabulous income. The development consists of one and two bedroom apartments, many of which are much larger than average and enjoying gas central heating and double glazing.
All six properties are let on an insured shorthold tenancy agreement (subject to contract and verification) generating an attractive rental income. Full tenancy schedules, rental figures and EPC documents are available to seriously interested parties upon request.
30a Esplanade
One bedroom ground floor flat, approximately 775 sq ft, producing an income of £625 per month.
30b Esplanade
Two bedroom, first floor flat approximately 795 sq ft, producing an income of £750 per month.
30c Esplanade
A good size top floor apartment, larger than average at 904 sq ft, producing an income of £695 per month.
31a Esplanade
One bedroom ground floor flat, approximately 1,000 sq ft, producing an income of £625 per month.
31b Esplanade
Two bedroom, first floor flat approximately 795 sq ft, producing an income of £750 per month.
31c Esplanade
Two bedroom top floor flat approximately 883 sq ft producing an income of £795 per month.
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This development, fully let, has been known to us for a number of years and provides a fabulous opportunity for someone looking for long term income.
Gross Income
Currently producing a gross income in the region of £42,500 (plus rent for 6th flat which is currently in the process of being let out)
Lounge
Kitchen
Bedroom One
Bathroom WC
Location Map
Agent's Notes
Further information available from the agent upon request.
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Esplanade, Whitley Bay, NE26
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Visit our security centre to find out moreDisclaimer - Property reference CCS260132. 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 Cooke & Co, Whitley Bay. 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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