Offers over
£130,000
2 bed end terrace house for saleStation Road, Seaham, County Durham SR7
2 beds
1 bath
2 receptions
- Freehold
About this property
Attention investors
Commercial and first floor flat
Potential multiple incomes
Well maintained
This well-presented mixed-use property offers an ideal investment opportunity, comprising a vacant ground floor commercial unit and a two-bedroom first-floor flat. To be sold as one lot, the two units are on separate titles with individual utilities, providing flexibility and convenience for investors. The combined achievable rental income is approximately £1,170 per calendar month (£15,200 per annum). The ground floor commercial unit, most recently used as a hair salon, is currently vacant and offers an estimated rental income of £650pcm (£8,450pa). The layout includes a main reception/shop area, inner reception room, treatment room, kitchen, cloakroom/WC, and access to a rear yard.
The first-floor flat is currently tenanted at £520pcm (£6,760pa), with the tenant due to vacate. It benefits from its own private entrance and comprises an entrance hall, staircase, landing, lounge, dining room, kitchen, bathroom, and two bedrooms. To the rear of the property is a larger, insulated garage with a roller shutter door, providing additional value and security. The property is in very good order throughout, with double glazing and separate heating and electrical systems for each unit. This is a versatile and well-maintained property with strong rental potential, and early viewing is highly recommended to fully appreciate the opportunity on offer.
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