Lot 9 - 14-14a Western Terrace South, Murton, Seaham, County Durham, SR7 9BA
- Unconditional Online Auction Sale
- Guide Price* : £44,950
Freehold Mixed-Use Investment Property with Established Rental Income
Description
An excellent opportunity to acquire a freehold, end-of-terrace mixed-use property offering immediate income and strong asset management potential.
The ground floor comprises a retail unit that previously traded as a café, benefiting from a transferable premises licence — ideal for continued hospitality use or reconfiguration to suit a range of retail or service-based occupiers. The unit enjoys good street frontage and visibility, making it attractive to potential tenants or owner-operators.
The first floor provides a self-contained one-bedroom apartment, currently let on a residential tenancy agreement at £425 per calendar month, offering a stable income stream from day one.
Located in a well-established area with good local amenities and transport links, the property is suitable for investors seeking a value-add opportunity, mixed-use rental income, or longer-term redevelopment potential (subject to planning).
Investment Highlights:
Freehold end-of-terrace mixed-use property
Ground floor retail unit with transferable premises licence
First floor one-bedroom apartment currently let at £425pcm
Potential for uplift in rental income and asset enhancement
Suitable for investors, developers, or owner-occupiers
Strong location with good visibility and footfall
For further information or to arrange a viewing, please contact us.
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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