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Laurel House, Grand Parade, Tynemouth

PROPERTY TYPE

End of Terrace

BEDROOMS

6

BATHROOMS

6

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

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.

Brochures

Laurel House, Grand Parade, Tynemouth
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Exempt
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Laurel House, Grand Parade, Tynemouth

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tynemouth Metro Station0.3 miles
  • Cullercoats Metro Station1.0 miles
  • North Shields Metro Station1.2 miles
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About the agent

Signature, Whitley Bay

Head Office, 32 Beach Avenue, Tyne and Wear, NE26 1EA

Signature, Whitley Bay

Whether buying, selling or renting expect more from Signature North East.

We have listened to our customers and we have built our companies ethos on those comments, which is why you should expect more from Signature. We take pride in offering first class customer service, concentrating on making sure every customer receives our impeccable and personalised service from the beginning to the end of their customer journey.

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Disclaimer - Property reference 33181079. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Signature, Whitley Bay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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