MapProperty for sale
Features and description
- Commercial & flat
- Popular church street
- Vacant flat
- Trading commercial
- Buyers premium applies
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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