Initial price	£214,950
17/10/24	£204,950
Price Change	-4.65%

This property is a rare opportunity for investors to purchase a freehold shop and flat in the Sea Road shopping area, with a significant price reduction due to an early sale requirement. The shop, which trades as a post office, is let for 25 years from 2015 and has a passing rent of £10,200 per annum. The first-floor flat is also let separately and has a passing rent of £595 per calendar month. The property benefits from a prominent location, with a range of local and national occupiers nearby, and is within easy reach of the sea front, Roker Park, and the city center. The flat is well-presented throughout and has a shared rear yard with access from the shop and via an external staircase. The property has gas central heating and uPVC double glazing, and is rated D for energy efficiency. With a perpetual yearly rent charge of £3.91 per annum, this is an excellent opportunity for investors to secure a stable income stream. Viewings are by appointment through the agent.