Commercial Development in NE25

1 - 12 Front Street, Earsdon, Whitley Bay, Tyne and Wear, NE25 9JU

Brochure

£850,000

Tenure: Freehold

Flexible viewing slots

Key Information

EPC rating: D
Parking: Allocated

Commercial Development in NE25

Pattinson Estate Agents are pleased to offer to the market Flats 1–12, Front Street, Earsdon, Whitley Bay, NE25 9JU, a substantial residential investment opportunity comprising twelve self-contained flats within this popular North Tyneside village.

The property comprises eleven one-bedroom flats and one two-bedroom flat, providing a diverse residential investment with twelve individual units. Use Class: C3 – Dwellinghouses

Each flat offers practical self-contained accommodation and the property provides an excellent opportunity for an investor seeking to acquire a substantial block of residential units within an established and sought-after location.

Situated on Front Street in the popular village of Earsdon, the property benefits from a convenient position for access to local amenities, Whitley Bay, Monkseaton and the wider North Tyneside area. Good road and public transport links provide access to surrounding towns and the coast.

The property is considered suitable for continued residential investment, subject to individual tenancy arrangements and purchaser's due diligence. The number of individual units provides the potential for a diversified rental income stream, with the two-bedroom apartment offering additional flexibility within the overall portfolio.

This is a rare opportunity to acquire a substantial twelve-unit residential investment comprising eleven one-bedroom flats and one two-bedroom flat, all situated within an established village location.

Prospective purchasers are advised to make their own enquiries regarding tenancy arrangements, current rental income, leases, service charges, planning, title and all other relevant matters prior to purchase.

Rental Breakdown
Flat Accommodation Monthly Rent Annual Rent Tenant

Flat 1 1 Bedroom £595 £7,140 Yes
Flat 2 1 Bedroom £595 £7,140 No
Flat 3 1 Bedroom £595 £7,140 Yes
Flat 4 1 Bedroom £595 £7,140 Yes
Flat 5 1 Bedroom £595 £7,140 Yes
Flat 6 2 Bedroom £625 £7,500 Yes
Flat 7 1 Bedroom £595 £7,140 No
Flat 8 1 Bedroom £595 £7,140 Yes
Flat 9 1 Bedroom £595 £7,140 No
Flat 10 1 Bedroom £595 £7,140 Yes
Flat 11 1 Bedroom £595 £7,140 Yes
Flat 12 1 Bedroom £595 £7,140 Yes

Total 11 x 1-bed / 1 x 2-bed £86,400 pa

Please be advised that each tenant pays an additional service charge payable of £210 pcm which covers the heating and the maintenance of the communal areas.

Use Class: C3 – Dwellinghouses

11 x One-Bedroom Flats & 1 x Two-Bedroom Flat

Popular Earsdon, Whitley Bay Location

Rare Block Investment Opportunity

Suitable for Investors & Landlords

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