£175,000
Block of flats for sale
Property photos
£175,000
Block of flats for sale
Seaside Lane, Easington Colliery SR81 sq. ft
Local area information
Property location
Nearby amenities
- Hope Wood Academy 0.2 miles
- Easington Colliery Primary School 0.6 miles
- Horden 1.8 miles
- Seaham 3.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
High-Yield Mixed-Use Opportunity | Seaside Lane | 17% Yield
Purchase Price: £175,000
Annual Income: £30,000
If you are looking for a versatile investment with multiple income streams, this property on Seaside Lane (SR8) is a fantastic option. It is a straightforward, high-performing asset that combines commercial retail, residential living, and additional storage space, all in one freehold purchase.
The Income Streams
This property is designed for maximum cash flow, with four distinct ways to generate revenue:
Retail Unit 1: Currently operating as a busy Barber Shop, generating a steady £6,000 per year.
Retail Unit 2: Recently fully refurbished and ready for a new tenant. It is expected to achieve a further £6,000 per year once let.
Residential Apartment: A large 4-bedroom apartment that is currently performing well on Airbnb, bringing in approximately £1,500 per month. If you prefer a more traditional model, it could easily be converted into a 4-bed HMO.
Rear Garage & Land: Includes a small garage and a plot of land at the rear. This is perfect for a local mechanic, a car wash, or even secure residential storage, with a potential rental of around £200 per month.
Why This Investment Works
With a total annual income of £30,000, you are looking at a very impressive 17% gross yield. Most of the work has already been done for you; the property is fully let apart from the one retail unit that was recently renovated to a high standard.
Key Highlights
Versatile Layout: A mix of commercial and residential keeps your income diversified.
Development Potential: The land at the rear offers extra room to grow or add specialised services like a car wash or storage facility.
Coastal Location: Situated in Easington Colliery (SR8), just a short distance from the sea, making it an attractive spot for both local businesses and short-term visitors.
This is a simple, effective investment for someone who wants a solid return without the need for a complex big speech. It’s a ready to go asset that allows you to sit back and watch your portfolio grow.
Purchase Price: £175,000
Annual Income: £30,000
If you are looking for a versatile investment with multiple income streams, this property on Seaside Lane (SR8) is a fantastic option. It is a straightforward, high-performing asset that combines commercial retail, residential living, and additional storage space, all in one freehold purchase.
The Income Streams
This property is designed for maximum cash flow, with four distinct ways to generate revenue:
Retail Unit 1: Currently operating as a busy Barber Shop, generating a steady £6,000 per year.
Retail Unit 2: Recently fully refurbished and ready for a new tenant. It is expected to achieve a further £6,000 per year once let.
Residential Apartment: A large 4-bedroom apartment that is currently performing well on Airbnb, bringing in approximately £1,500 per month. If you prefer a more traditional model, it could easily be converted into a 4-bed HMO.
Rear Garage & Land: Includes a small garage and a plot of land at the rear. This is perfect for a local mechanic, a car wash, or even secure residential storage, with a potential rental of around £200 per month.
Why This Investment Works
With a total annual income of £30,000, you are looking at a very impressive 17% gross yield. Most of the work has already been done for you; the property is fully let apart from the one retail unit that was recently renovated to a high standard.
Key Highlights
Versatile Layout: A mix of commercial and residential keeps your income diversified.
Development Potential: The land at the rear offers extra room to grow or add specialised services like a car wash or storage facility.
Coastal Location: Situated in Easington Colliery (SR8), just a short distance from the sea, making it an attractive spot for both local businesses and short-term visitors.
This is a simple, effective investment for someone who wants a solid return without the need for a complex big speech. It’s a ready to go asset that allows you to sit back and watch your portfolio grow.
More information
Listed by
Century Three LTD
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