Woods Terrace, Murton, Seaham, SR7 2 bed apartment for sale

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Woods Terrace, Murton, Seaham, SR7 2 bed apartment for sale

Woods Terrace, Murton, Seaham, SR7
£60,000

Price History

Initial price £90,000
01/03/24 £85,000
06/04/24 £70,000
20/04/24 £65,000
15/06/24 £55,000
17/08/24 £60,000
Price Change -33.33%

Description

Holbrook and Co Estate agents present a unique investment opportunity in Seaham, a multi-use freehold space comprising a ground floor commercial shop and a two-bedroom first-floor flat. The property boasts a total floor space of 130.36 sq. m (1403 sq. ft) and is situated in a busy shopping parade with a mix of commercial and residential properties. The ground floor shop features a fully refurbished space with kitchen facilities and a WC, while the first floor flat offers two bedrooms and is accessed via a communal rear entrance. With estimated rental yields above 10%, the property is expected to generate significant income, with the shop unit anticipated to rent for £600-£700 pcm and the flat for £475-£525 pcm.