News

Mixed Use Investment Opportunity Sold in Whitley Bay

27 Marine Avenue/1 Park Road, Whitley Bay, NE26 1LT

We are very pleased to confirm that in January 2019 Johnson Tucker sold this mixed use investment in an attractive location of Whitley Bay close to The Spanish City and Promenade. The property was entirely let producing a combined rental income of £25,700 per annum, including £14,000 per annum from the undoubted Boots Pharmacy covenant.  The property sold for £350,000 reflecting a net initial yield of approximately 7.07%.

If you would like more information on this investment sale or any other investments listed on our website please contact Daniel Capobasso on 0191 269 7897 or email danielc@johnsontucker.co.uk. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.