Hospitality Properties for sale in NE3, Newcastle Upon Tyne

Hospitality Properties for Sale Within 5 miles of the NE3, Newcastle Upon Tyne

More details for 214-216 Westmorland Rd, Newcastle Upon Tyne - Hospitality for Sale

Summerhill House Hotel - 214-216 Westmorland Rd

Newcastle Upon Tyne, NE4 6QZ

Hospitality for Sale
£1,100,000
8,295 sq ft

Newcastle Upon Tyne Hospitality for Sale

Located on Westmorland Road in the vibrant city of Newcastle Upon Tyne, this impressive commercial property presents a remarkable opportunity for investors and developers alike. The property boasts an impressive configuration of around 40 bedrooms, making it an ideal candidate for a high-demand House in Multiple Occupation (HMO). Currently, the property is part let and part vacant, offering immediate income potential while also allowing for further development or refurbishment to maximise its value. Its strategic location is merely a stone's throw away from the bustling city centre, ensuring that residents will enjoy easy access to a wealth of amenities, including shops, restaurants, and public transport links. The freehold for this property is now available for sale, presenting a unique chance to acquire a substantial asset in a thriving area. With the growing demand for rental accommodation in Newcastle, particularly among students and young professionals, this property is well-positioned to benefit from the city's dynamic rental market. Buyer fee applies. Whether you are looking to expand your property portfolio or seeking a lucrative investment opportunity, this commercial property on Westmorland Road is not to be missed. Embrace the potential of this versatile space and explore the possibilities it holds for your future endeavours.