Property photos
Freehold
Offers over
£799,950
6 bed end terrace house for sale
Laurel House, Grand Parade, Tynemouth NE306 beds
6 baths
Key Information
Tenure:
Freehold
Council tax band:
Part of The Grand Hotel, Tynemouth
Local area information
Property location
Nearby amenities
- Kings Priory School 0.3 miles
- Marden High School 0.7 miles
- North Shields Ferry Terminal 1.5 miles
- South Shields Ferry Terminal 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Signature North East is delighted to present a rare opportunity to acquire Laurel House, Tynemouth, a historic property that was originally part of The Grand Hotel. This exceptional property offers a fantastic opportunity for a holiday let business, with the option for the owner to reside on-site.
Laurel House has been meticulously refurbished and maintained to a very high standard in recent years, ensuring it meets all relevant regulations and health and safety standards. This means the business can commence operations immediately.
The property features six double bedrooms, each with an en-suite bathroom. One of these bedrooms is a maisonette, which includes a living room and offers the potential to be converted into a fully self-contained apartment.
Financially, the property is highly lucrative. Even with a conservative 70% occupancy rate, the turnover is expected to exceed £150,000 per year. A live-in owner/operator can enjoy a stunning residence with beautiful views while benefiting from a six-figure income.
Viewings are strictly by appointment only. Don't miss this unique opportunity to own and operate a thriving holiday let business in a prime location.
Laurel House has been meticulously refurbished and maintained to a very high standard in recent years, ensuring it meets all relevant regulations and health and safety standards. This means the business can commence operations immediately.
The property features six double bedrooms, each with an en-suite bathroom. One of these bedrooms is a maisonette, which includes a living room and offers the potential to be converted into a fully self-contained apartment.
Financially, the property is highly lucrative. Even with a conservative 70% occupancy rate, the turnover is expected to exceed £150,000 per year. A live-in owner/operator can enjoy a stunning residence with beautiful views while benefiting from a six-figure income.
Viewings are strictly by appointment only. Don't miss this unique opportunity to own and operate a thriving holiday let business in a prime location.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Listed by
Signature North East
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Property descriptions and related information displayed on this page are marketing materials provided by - Signature North East. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Signature North East for full details and further information.