Property Details: - Type: Mixed use - Bedrooms: 2 - Bathrooms: 0
Agent: Spire Property Group & Consultants - Sunderland Phone: 0191 511 8651
Presenting an attractive investment opportunity, this two-storey mixed use property is situated in the heart of Seaham, offering both commercial and residential potential. Currently generating an income of £1,150 per calendar month (£13,800 per annum), this property achieves a nett initial yield of 10.62 percent, making it an appealing proposition for investors seeking reliable returns. The ground floor is well-suited for commercial use, providing versatile space that can accommodate a variety of business types, while the upper floor offers residential accommodation with a comfortable layout. The property benefits from a practical internal arrangement, allowing for flexibility in use and ease of management. With its prominent location in Seaham, the property enjoys excellent access to local amenities, public transport links, and main road networks, further enhancing its appeal to both tenants and business owners.<br/><br/>Externally, the property features valuable off street parking, a significant advantage for both commercial and residential occupants. The parking area is conveniently situated to the side and rear of the building (subject to access), providing ample space for multiple vehicles and ensuring ease of access for staff, customers, or residents. The property occupies a well-proportioned plot, allowing for potential future development or reconfiguration of the outside space, subject to the necessary consents. The surrounding area is a well-established mix of commercial and residential properties, contributing to a vibrant community atmosphere. This mixed use property offers not only a stable income stream but also the flexibility and potential for capital growth, making it a sound addition to any investment portfolio. Early viewing is highly recommended to fully appreciate the scope and potential of this well-located property.
