Beechwood House, Front Street, Earsdon, Whitley Bay

LOCATION 

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.

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.

ACCOMMODATION & TENANCY INFORMATION

The floor area taken from the EPC is 899m² (9,677ft²).

EPC RATING

C64

TERMS 

The freehold of the property is available with a guide price of £900,000 (Nine Hundred Thousand Pounds). This equates to a net initial yield of 7.13% assuming purchaser’s costs at 5.63% and only £93.00 per sq ft.

VAT 

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS 

Each party is to bear their own legal costs involved in the transaction.

ANTI-MONEY LAUNDERING REGULATIONS 

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING 

For general enquiries and viewing arrangements please contact Bradley Hall or Sanderson Weatherall.

Tel: 0191 232 8080

Email: newcastle@bradleyhall.co.uk

mark.convery@sw.co.uk