5-bedroom house · NE30 1DT
Listing removedListed 603 days
Opportunity summary
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About
Development opportunity With Permitted Development Rights for residential conversion in place, this is a rare opportunity to acquire a substantial and versatile property in the heart of the Fish Quay.
The current office space was designed to allow for an easy transformation back into a home, giving you the exciting ability to design a home that works for you.
Description Signature North East proudly presents this exceptional property, with the potential for conversion into one or multiple residential dwellings, this property provides flexibility for both residential and business opportunities.
Situated on East Percy Street, it is surrounded by a vibrant mix of thriving businesses and residential homes, all set against stunning coastal views.
Its prime location offers excellent connectivity, with Tynemouth Metro Station nearby and the Coast Road providing direct access to Newcastle City Centre and the A19.
Additionally, adjacent land is undergoing high-end development, though the elevation difference ensures the views remain unaffected and the overall area is significantly enhanced.
Spanning four floors, this impressive property provides extensive office and storage space, designed for a dynamic business environment.
The layout includes open-plan office areas, alongside a meeting room and two private offices.
Kitchen facilities and W.Cs on the ground, first, and second floors enhance convenience, while a central staircase ensures seamless access.
Each floor benefits from independent electrical and internet wiring, as well as individual boilers and heating systems.
If you are looking for your new home, but nothing available suits your wants and needs, this outstanding property in a prime North Shields location, could be the opportunity not to be missed.
Amended Measurements Ground Floor Approx. 111.3 sq.
Metres Office (9.89 x 3.62 (32'5" x 11'10")) Office (5.54 x 3.62 (18'2" x 11'10")) Meeting Room (4.26 x 3.62 (13'11" x 11'10")) Store Room W.C (2.84 x 2.72 (9'3" x 8'11")) Kitchen (2.72 x 2.84 (8'11" x 9'3")) First Floor Approx.
111.3 sq.
Metres Office (5.82 x 2.52 (19'1" x 8'3")) Office (6.54 x 4.76 (21'5" x 15'7")) Office (3.25 x 3.62 (10'7" x 11'10")) Office (3.32 x 2.42 (10'10" x 7'11")) Kitchen (2.84 x 2.72 (9'3" x 8'11")) W.Cs (2.84 x 2.72 (9'3" x 8'11")) Second Floor Approx.
111.3 sq. Metres Office (9.89 x 3.62 (32'5" x 11'10")) Office (9.89 x 3.62 (32'5" x 11'10")) W.Cs (2.84 x 2.72 (9'3" x 8'11")) W.C & Shower Room (2.84 x 2.72 (9'3" x 8'11")) Third Floor Approx.
50.7 sq. Metres Office / Store Room (5.28 x 3.62 (17'3" x 11'10")) Office / Store Room (5.28 x 3.65 (17'3" x 11'11"))
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Hotspur House, East Percy Street, North Shields
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