Freehold mixed-use property with immediate rental income near the seafront.
Freehold mixed-use shop and one-bed flat providing immediate rental income
Edwardian shopfront with good street visibility and seafront proximity
Upper flat currently tenanted — income from day one
Requires modernisation to increase rent and capital value
EPC rating TBC; buyer should confirm energy performance
Located in a very deprived area; factor management and yield implications
No flood risk; mobile signal excellent and broadband fast
Council Tax Band A
This freehold mixed-use property on The Avenue, Seaham, combines a ground-floor retail unit and a one-bedroom flat above, currently fully tenanted and delivering immediate rental income. The retail frontage is Edwardian and offers good street visibility close to the seafront and local amenities, making it suitable for a range of small businesses or continued use as a shop.
The building will suit an investor seeking a low-maintenance, income-generating asset in a town with steady footfall; broadband and mobile connectivity are strong and there is no flooding risk. The upper flat and shop are habitable but the property requires modernisation to maximise rental value and future resale prospects. EPC is to be confirmed and tenancy details should be checked prior to purchase.
Location strengths include proximity to Seaham’s seafront, independent cafés, and several good-rated primary and secondary schools, supporting ongoing local demand. Be aware the area is classified as very deprived with average local crime levels; this impacts yields and management considerations. Overall, this is a practical, straightforward investment with clear refurbishment upside for the right buyer.
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