Auction-priced nine-bedroom investment near Queens Promenade for hands-on buyers.
9 en‑suite letting rooms plus separate one‑bed private accommodation
Short walk to Queens Promenade and coastal amenities
Three‑storey Victorian building with period features
Requires renovation; cosmetic and likely mechanical works needed
Sold at auction; property not inspected and tenure unknown
Off‑street parking for approximately four vehicles
Very high local crime and very deprived area — impacts lettings
No flood risk; excellent mobile signal but average broadband speeds
Set on Gynn Avenue in North Shore, this three-storey Victorian building offers nine en‑suite letting rooms plus private one‑bed accommodation. The property sits parallel to Queens Promenade, a short walk from the seafront and local amenities, and includes off‑street parking for four vehicles and a decent plot with a garden.
The building is offered at auction and is priced to sell, presenting clear potential for investors or a developer prepared to renovate. The accommodation and period features lend themselves to a straightforward refurbishment for continuing holiday-let use or conversion into alternative multi‑let units.
Buyers should note material drawbacks: the property requires renovation and cosmetic repair, has not been inspected, and is offered with unknown tenure. The surrounding area shows very high crime and high deprivation levels, which will affect lettings strategy and resale values. Broadband is average but mobile signal is excellent; there is no flooding risk.
This is a suited opportunity for a purchaser comfortable with auction purchase risks and follow‑on works. Viewing (and pre‑auction due diligence) is strongly recommended to confirm condition, services and legal position before bidding.
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