2 bedroom apartment for sale

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2 bedroom apartment for sale

Woods Terrace, Seaham, SR7
£65,000

Price History

Initial price £105,000
21/01/24 £100,000
26/01/24 £95,000
31/01/24 £90,000
01/03/24 £85,000
06/04/24 £70,000
20/04/24 £65,000
Price Change -38.10%

Description

This property is a multi-use freehold space in Seaham, comprising a ground floor commercial shop with kitchen facilities and a W/C, and a two bedroom first floor flat. The property offers a total floor space of 130.36 sq. m (1403 sq. ft) and is located within a busy shopping parade with mixed use commercial and residential properties. The downstairs commercial space is expected to command a rent of £600-£700 pcm, while the first floor flat is expected to rent for £475-£525 pcm, yielding an anticipated rent of above 10%. The property is being sold through auction, with the buyer and seller able to complete the sale within a 56-day reservation period.