24 Bedroom Investments Residential

This impressive property, situated in the heart of Westoe Village, offers 11 quality apartments on a freehold site of approximately 0.47 acres. Westoe Village is a highly sought after residential area known for its charming 18th and 19th-century buildings. Located on a tree-lined street surrounded by larger, characterful homes, the property sits just north of South Tyneside College, providing an ideal balance of residential tranquillity and accessibility. On a fully occupied let basis the return provided is approx £80,000PA, against guide this equates to a Gross Yield of 9%PA (awaiting sight of tenancy agreements).
The location is a major draw, with easy access to South Shields Town Centre, excellent local transport links, highly regarded schools, beautiful beaches, and picturesque parks.
Originally a nursing home, the building was converted to 11 modern residential apartments around 2007, offering a blend of contemporary living with the charm of a historic setting. The original structure on the eastern side of the site houses apartments 5-11, which share a communal entrance, hallway, and staircase. On the western side, a more recently constructed building contains apartments 1-4, each with its own private uPVC entrance door, offering added exclusivity and privacy.

This freehold site presents a fantastic long-term investment opportunity in a highly desirable location, with the potential for strong rental yields and capital growth. The combination of character and modern living makes it an excellent addition to any property portfolio
https://www.youtube.com/watch?v=GcvngJpwXLs

Property details provided by Andrew Craig
EPC rating: to be advised, C, C, D, C, E, D, D, E, E, E and E
Council Band: C, D, C, D, C, B, C, C, C, C, C and D
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 March 2025 Option 1

FLAT 1 , GROUND FLOOR FLAT
Two Bedrooms – £725.00PCM

FLAT 2 , UPPER FLOOR FLAT
Two Bedrooms – £625.00PCM

FLAT 3 , GROUND FLOOR FLAT
Three Bedrooms – £825.00PCM

FLAT 4 , UPPER FLOOR FLAT
Three Bedrooms – £714.00PCM

FLAT 5 , STUDIO
One Bedroom – £595.00PCM

FLAT 6 , GROUND FLOOR FLAT
One Bedroom – £475.00PCM

FLAT 7 , GROUND FLOOR FLAT
Two Bedrooms – £750.00PCM

FLAT 8 , GROUND FLOOR FLAT
Two Bedrooms – £750.00PCM

FLAT 9 , FIRST FLOOR FLAT
Two Bedrooms – £695.00PCM

FLAT 10 , FIRST FLOOR FLAT
Three Bedrooms – £750.00PCM

FLAT 11 , FIRST FLOOR FLAT
Three Bedrooms – £825.00CM

EXTERNALLY
PARKING

Video Tour
https://www.youtube.com/watch?v=GcvngJpwXLs

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by AC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (vey low risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 15Mbps and the fastest package of 80Mbps at this postcode: NE33 3EB and mobile coverage is provided by EE (limited indoor), Three, 02 and Vodaphone (limited indoor).