Immediate rental income from mixed-use property close to the seafront.
Combined retail and two-bed first-floor flat, approx. 884 sq ft
A mixed-use, Victorian high-street property in central Seaham, combining a ground-floor retail unit with a two-bedroom flat above. The first-floor flat is tenanted and the combined income currently totals £1,450 per calendar month, offering immediate cashflow for an investor. The building extends to approximately 884 sq ft and is offered freehold.
The retail space provides straightforward shop accommodation with WC and flexible layout for a range of businesses; the flat offers open-plan living with two bedrooms and a bathroom. Practical positives include no flood risk, excellent mobile signal and fast broadband — useful for modern retail or serviced-let concepts.
Buyers should note material drawbacks plainly: the property sits in a very deprived area with a high local crime rate and a wider transitional Eastern European neighbourhood classification. EPC rating E and small plot size limit some uses, and the location serves a constrained renter market. These factors affect tenant demand, refurbishment requirements and resale prospects.
For investors who understand higher-yield, higher-management locations, this is a low-entry freehold on a busy high street close to the seafront and multiple amenities. It suits hands-on landlords or operators ready to manage tenancy risk and to invest in energy improvements or shop refurbishment to boost lettability and value.
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