Home > Auctions > 21 & 22 April 2026 22 April 2026 - 10:00am > Lot 228

21 & 22 April 2026: Wednesday 22 April 2026 - 10:00am
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    Key features

    • To be offered on Wednesday 22 April
    • Prominent Freehold Parade Investment
    • Comprising 10 shops with self-contained uppers
    • Arranged over 7,321 sq ft
    • Vacant upper floor maybe suitable redevelopment subject to all consents
    • Lapsed consent to convert the first floor into 6 flats
    • VAT is not applicable
    • Total Current Rents Reserved £115,100 per annum (reflecting 11.51% GIY Plus 3,036 sq ft vacant)

    Description

    The property is arranged over ground and first floors to provide 10 shops with self-contained upper parts accross all shop to provide further trading accommodation.

    To the rear is an extensive service yard.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please see the below Schedule of Accommodation and Tenancies

    Tenancy

    Please see the below Schedule of Accommodation and Tenancies

    Planning

    Planning was previously approved and has now lapsed for the conversion of the first floor into 6 residential dwellings (ref: 16/01859/FUL)


    The property maybe suitable for redevelopment subject to all necessary consents. All enquiries in this regard should be made with the local authority, North Tyneside Council.

    Website:www.northtyneside.gov.uk

    Rent

    £115,100 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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        Accommodation / Tenancy Schedule

        Local information

        57–75 Park View occupies a prominent position in the heart of Whitley Bay, a popular coastal town situated approximately 10 miles northeast of Newcastle upon Tyne. Park View is one of the town’s principal retailing parades, benefitting from strong footfall and a mix of established national and local occupiers.The property is well‑connected, with Whitley Bay Metro Station within easy walking distance, providing regular services across Tyneside, while the nearby A1058 Coast Road offers swift access to Newcastle city centre. The surrounding area has seen ongoing investment and regeneration, enhancing its appeal as a thriving retail and leisure destination close to the seafront.

        Transport

        Road - Whitley Bay benefits from strong road connections, with the A1058 Coast Road providing direct access to Newcastle upon Tyne and the wider Tyneside region. The A19 and A1(M) are also easily reached, offering convenient north–south links and connectivity to regional hubs.


        Metro- The property is a short walk from Whitley Bay Metro Station, part of the Tyne and Wear Metro network. Regular services operate to Newcastle city centre, North Shields, Tynemouth, Sunderland and Newcastle International Airport, ensuring excellent commuter and visitor accessibility.


        Bus- Park View is well served by local and regional bus routes connecting Whitley Bay with surrounding residential areas, coastal destinations, and key centres including Newcastle and North Tyneside. Stops are positioned along or immediately adjacent to the parade.


        Air- Newcastle International Airport is accessible via the Metro (with one change at South Gosforth) or by road in approximately 25–30 minutes, providing domestic and international connectivity.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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