Features and description

Commercial & flat
Popular church street
Vacant flat
Trading commercial
Buyers premium applies

!!!! AUCTION 28th JANUARY 14:30 !!!! REGISTER YOUR BID AT

For sale in partnership with iamSold Auction, this mid-link commercial property offers an excellent investment opportunity, comprising a trading shop current let at just over £9000 PA on the ground floor and a recently refurbished 1/2-bedroom flat above with its own private access. Situated in a central location on the active Church Street in Seaham, the flat features an entrance hall with stairs leading to a landing, a well-appointed kitchen to the front alongside a reception/bedroom, a rear hallway giving access to a separate bedroom, an additional reception area to the rear, and a modern shower room with walk-in shower. With the shop currently trading and the flat vacant, this property provides scope for additional income through rental or Airbnb, making it an ideal choice for investors seeking dual income streams in a prime position.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

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Moderate crime

6/10

About this agent

Dowen - Seaham

25 Church Street Seaham SR7 7HQ

0191 563 0828

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We are about great customer focused service delivered by a team of people who are passionate about what they doDowen Estate Agents was founded in 1982 by Managing Director Denis Dowen He is still involved in the day to day running of the business Over the years the firm has continued to evolve and now has 8 branches along with 3 bespoke Auction Stores offering coverage of mid North East England from the coast to the A1 corridor Dowen is a full service estate agency offering a wide range of property related services The residential sales department has sold tens of thousands of properties over the years in all price ranges Dowen was a founding member of The Great North Property Auction which has exceeded 2000 sales since inception in 2012 The lettings department has hundreds of homes under management Private surveys and EPC's are provided to both corporate and private clients via a very busy professional survey department Conveyancing at competitive rates is offered via a panel of local solicitors Mortgages can be arranged via our panel of independent mortgage brokers We subscribe to the National Associations of Estate Agents, the Royal Institute of Chartered Surveyors and the Ombudsman For Estate Agents and as such abide by the strict code of good estate agency practice laid down by these organisations

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