Church Street, Seaham, County Durham, SR7
- PROPERTY TYPE
Commercial Property
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- COMMERCIAL & FLAT
- POPULAR CHURCH STREET
- VACANT FLAT
- TRADING COMMERCIAL
- BUYERS PREMIUM APPLIES
Description
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.
Church Street, Seaham, County Durham, SR7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Seaham Station0.3 miles
- Park Lane Metro Station4.9 miles
- University Metro Station5.2 miles
Notes
Disclaimer - Property reference 10725355. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dowen, Seaham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dowen, Seaham on 0191 625 1051.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.