Seaside Lane, Easington Colliery SR8

Property Details: - Type: Mixed use - Bedrooms: 4 - Bathrooms: 0

Agent: Century Three - Middlesbrough Phone: 01642 048996

<p>High-Yield Mixed-Use Opportunity | Seaside Lane | 17% Yield</p><p>Purchase Price: £175,000</p><p><br/></p><p>Annual Income: £30,000</p><p><br/></p><p>If you are looking for a versatile investment with multiple income streams, this property on Seaside Lane (SR8) is a fantastic option. It is a straightforward, high-performing asset that combines commercial retail, residential living, and additional storage space, all in one freehold purchase.</p><p><br/></p><p>The Income Streams</p><p><br/></p><p>This property is designed for maximum cash flow, with four distinct ways to generate revenue:</p><p><br/></p><p>Retail Unit 1: Currently operating as a busy Barber Shop, generating a steady £6,000 per year.</p><p><br/></p><p>Retail Unit 2: Recently fully refurbished and ready for a new tenant. It is expected to achieve a further £6,000 per year once let.</p><p><br/></p><p>Residential Apartment: A large 4-bedroom apartment that is currently performing well on Airbnb, bringing in approximately £1,500 per month. If you prefer a more traditional model, it could easily be converted into a 4-bed HMO.</p><p><br/></p><p>Rear Garage & Land: Includes a small garage and a plot of land at the rear. This is perfect for a local mechanic, a car wash, or even secure residential storage, with a potential rental of around £200 per month.</p><p><br/></p><p>Why This Investment Works</p><p><br/></p><p>With a total annual income of £30,000, you are looking at a very impressive 17% gross yield. Most of the work has already been done for you; the property is fully let apart from the one retail unit that was recently renovated to a high standard.</p><p><br/></p><p>Key Highlights</p><p><br/></p><p>Versatile Layout: A mix of commercial and residential keeps your income diversified.</p><p><br/></p><p>Development Potential: The land at the rear offers extra room to grow or add specialised services like a car wash or storage facility.</p><p><br/></p><p>Coastal Location: Situated in Easington Colliery (SR8), just a short distance from the sea, making it an attractive spot for both local businesses and short-term visitors.</p><p><br/></p><p>This is a simple, effective investment for someone who wants a solid return without the need for a complex "big speech." It’s a ready to go asset that allows you to sit back and watch your portfolio grow.</p>