Park View Shopping Centre Park View Shopping Centre, Whitley Bay, NE26 1DG

To Let
Park View Shopping Centre, Whitley Bay - Picture 2025-06-09-15-00-59

Agents

EYCO logo

EYCO

Duart Keith

Patrick Over

Use Class

Use Class

E

Rent pa

Rent pa

POA

Price

Price

£4,000,000

Key Features

  • Current gross income of £638,890 per annum.

  • WAULT to expiry of 2.18 years and 1.25 to breaks.

  • Positive asset management opportunities to be explored.

  • We have been instructed to seek offers of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT.

  • This reflects a Net Initial Yield of 10.66%, allowing for usual purchasers costs representing a capital value of just £88 psf.

Description

• Park View Shopping Centre offers a rare opportunity to acquire a dominant town centre investment in Whitley Bay, one of the North East’s fastest-rising lifestyle destinations. • Park View Shopping centre was developed in 2004 and provides 45,101 sq ft (4,190 sq m) of retail and leisure accommodation.

• Key anchor tenants include Sainsbury’s, Iceland, Peacocks, Superdrug, Home Bargains and Boots.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 09/06/2025