Charlotte Terrace Development
Charlotte Terrace Business Centre is a modern Co-Working building comprising of 8 individual serviced office units. The units come full inclusive of all bills and come in a range of sizes. The building has several shared amenities stunning kitchen dining area for the offices to enjoy along with a perfectly appointed shower room and toilet facilities. On the GF of the building is a successful bar called “The Cask Lounge” which is a long-standing tenant of the building.
Charlotte Terrace BC is just a short 5-minute walk into the town centre of South Shields where you can find a metro station with a line straight into Newcastle City Centre, along with shops, bars, and restaurants. Although this is a small project it has been highly successful for Atha Developments.
Development Statistics
| Over 3 consecutive years, CTBC has maintained a great 90%+ occupancy rate |
| The development generates an annual rental income of £49,000 with a 40% profit margin |
| The property's recent valuation reached £480,000 |
| Resulting in a significant capital gains profit of £160,000 |
| The project achieved a remarkable return on capital employed (ROCE) exceeding 15% |
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