Mixed use for sale

MULTIFACETED INVESTMENT PROPERTY

A substantial, multi-faceted investment property with 16 self-contained flats above ground-floor commercial accommodation, along with retail unit, public house and garage, offered for sale by traditional auction. This is a sizeable, income-producing coastal block combining stable residential tenancy with flexible commercial space. Its seaside location and mixed-use layout create multiple routes to add value — whether through active asset management, selective refurbishment, or lease renegotiation. The high-yielding current rents reserved of c.£125,000 per annum gives immediate clarity on income performance for prospective bidders particularly those from the investment fraternity.

• 16 self-contained flats (mixture of studio/1-bed units) arranged over first, second and third floors — each flat with separate access and meters (where applicable).

• Ground floor commercial unit namely 'Green Leaf' cafe is sold away on a long-lease. The adjoining 'Royal Clarence' public house and Seaton Print & Design are included in the sale and let on long term leases. See tenancy information below.

• Prominent frontage onto a busy Seaton street (high footfall/tourist trade potential) with excellent visibility from the pavement/road.

• Coastal/tourist location — close to the seafront, promenade, and the Jurassic Coast, supporting short-stay demand and year-round rental market.

• Good on-site servicing — communal entrances, stairwells, communal storage/plant space and roof access where applicable. Car parking/permit spaces nearby (subject to confirmation).

• Immediate income: Rents currently reserved of £125,000 p.a., offering an operational revenue stream from day one (sold with rents reserved at auction).

• Diverse income mix: Residential rents underpin stable cashflow while commercial units offer upside via reversionary leases, rent reviews or active re-letting.

• Asset management opportunities: Potential to refurbish common parts or individual units, convert under-utilised space, or improve commercial lettings to enhance value.

• Strong local demand drivers: Seaton’s coastal location supports both long-let and seasonal income streams — appealing to investors targeting seaside town portfolios.

COMMERCIAL

Royal Clarence public house; Bar and servery with WC's.

Seaton Print & Design; Main shop/retail area with cloakroom/WC.

Garage; Lock-up and two single garages to the rear.

RESIDENTIAL

FLATS 1-16: A mixture of 15 studio and one-bedroom apartments and 1 two-bedroom apartment that are self-contained which includes shower/bathroom/WC and kitchen facility.

The Royal Clarence public house enjoys a beer garden to the rear with covered area. There is also a single garage.

Seaton, Devon — prominent mixed-use building within easy walking distance of the seafront, harbour and town centre amenities, and close to the Jurassic Coast visitor attractions.

A part Leasehold and Freehold composition subject to tenancies. Please refer to auction legal pack for further information.

RESIDENTIAL

All flats are let on assured shorthold tenancy agreements with current total rents reserved of £8,220 per calendar month. Please refer to auction legal pack for individual flat tenancy information.

COMMERCIAL

Royal Clarence & garages: Remainder of a 15 year lease with current rents reserved of £17,040 per annum; Seaton Design & Print; Remainder of a xx year lease with current rents reserved of £9,600 per annum. Please refer to auction legal pack for further information.

Residential:

FLAT 1: E; FLAT 1A: TBC; FLAT 2: E; FLAT 3: D; FLAT 4: D; FLAT 5: D; FLAT 6: E; FLAT 7: D; FLAT 8: C; FLAT 9: C; FLAT 10: C; FLAT 11: C; FLAT 12: C; FLAT 12a: D; FLAT 14: E; FLAT 15:E.

Commercial:

Royal Clarence; TBC; Seaton Print & Design; TBC

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Broadband: Ultrafast available

Mobile: Variable inside. Likely outside.

Source: ofcom.org.uk

Please call on[use Contact Agent Button] to book into one of the scheduled block appointments. Viewings: By appointment only or as advertised by the auctioneer. Internal viewings may be limited if units are occupied — purchasers should refer to auction pack and obtain surveys.

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on[use Contact Agent Button] for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!

Please refer to all legal documents for this Lot in case any additional fees and reimbursements are listed in addition to the purchase price.
It is the purchaser’s responsibility to make all necessary legal, planning, survey and finance enquiries prior to the auction.
Some of the internal photographs are historic and are merely for illustrative purposes only. Therefore they must not be relied upon solely when making a transactional decision.

†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

Pricing information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Buyers fees: Our standard fees applicable to a buyer are currently £3,000 plus VAT on a successful purchase. Other fees payable may be applicable that have been included by the selling solicitor for a Lot so prospective bidders must investigate the auction legal pack for the Lot prior to bidding.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.

These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail. 247 Property Auctions Ltd are members of the Property Ombudsmans Redress Scheme.