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Holiday Letting Accommodation In Tynemouth For Sale

Tynemouth, Tyne and Wear, UK
Asking Price:
£675,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Undisclosed
  • Spacious first & second floor apartment.
  • 5 letting bedrooms.
  • Up to 10 bed spaces.
  • Prime coastal location.
  • Large communal Lounge.
  • Kitchen & Diner space.
  • Off street parking.
  • ASKING PRICE £675,000

Property Information

Property:

Leasehold

Location:

This business opportunity is located on Percy Park Road which is one of the main routes running from the village centre down towards the seafront.

Tynemouth is one of the most sought-after residential areas in Tyne & Wear, regularly appearing on the “best places to live” lists but it is also a popular holiday and daytrip destination. The Northumberland Coast can be reached in under half an hour by car and would include Alnmouth with Craster and Bamburgh beyond.

This part of the region is easily accessible by car via the A19 and A1 plus a Metro station which links directly with Newcastle Central Station and Newcastle International Airport.

Premises Details:

This three-storey building is accessed via a private courtyard access with its own front door which opens into a foyer with a storage area for bikes, golf clubs etc.

Access to the upper floors is via stairs which leads into a spacious landing with an original stained-glass window providing natural light.

The first floor provides a generous sitting room with cast iron fireplace, a kitchen and dining space and two bedrooms, one of which is en-suite. There is also a separate W.C on this level.

On the second floor there are another three double bedrooms, one of which has en-suite facilities, plus a modern, recently installed family bathroom. Each bedroom has a TV, tea & coffee making facilities.

Business

This is a popular venue delivering good levels of return when occupied. However, the seller’s other business commitments have prevented them from concentrating fully on marketing and promotion and there is scope to increase the levels of occupancy throughout the year. Motivated new owners, who possibly have other similar assets, could drive additional custom to this venue.

Accommodation

Ground Floor
Foyer / Storage Area

First Floor
Landing
Lounge
Kitchen & Diner
Bedroom 1 double
Bedroom 2 double en-suite
W.C.

Second Floor
Bedroom 3 double en-suite
Bedroom 4 double
Bedroom 5 double
Bathroom

External
Private Courtyard

Tariffs

Only a letting of the whole property is available with a minimum stay of 2 nights required. The lowest price for 2 nights is £800, rising to £1,500 during the peak periods..

Services

There is mains water, gas and electricity into the property. Gas central heating is installed

Energy Performance Rating:
D

Business Operation

Management type:
This business is owner operated.
Employees:
Sold free of staff.
Years established:
Circa 5 years.