Woods Terrace, Murton, Seaham, SR7
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 2 Bedrooms
- Entrance Hall
- Commercial Area
- Workspace
- Apartment
- Living Room
- Kitchen
- Bathroom
- EPC TBC
- Council Tax TBC
Description
This investment property comprises of a ground floor commercial shop accompanied with a two bedroom first floor flat. The property offers a floor space 130.36 sq. m (1403 sq. ft) over two floors located within this busy shopping parade of mixed use commercial and residential properties.
Ideally located on Woods Terrace the downstairs offers a large, fully refurbished commercial space with kitchen facilities to the rear and a W/C.
Access to the rear lane and a separate access to the first floor flat via a communal rear entrance. Upstairs offers a fully refurbished two bedroomed flat.
It is anticipated that the shop unit will command a rent of £600-£700 pcm and the first floor flat £475-£525 pcm which should realise an anticipated rent yield above 10%.
AUCTIONEER COMMENTS:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Entrance Hall
White UPVC double-glazed door at front of shop.
Commercial area
8.7 x 4.9 - Large commercial space with laminate flooring and double-glazed window to store front.
Downstairs kitchen area
5.0 x 2.0 - A range of grey base units with sink and mixer tap.
Workspace
3.4 x 2.4 - Large work area to the rear of the ground floor.
Apartment
Living Room
4.9 x 4.1 - A spacious living room with white UPVC double glazed window
Kitchen
4.6 x 2.0 - To the rear aspect a full range of wall and base unit. Electric cooker and hob. Sink with mixer tap and drainer. White UPVC double-glazed window.
Bathroom
2.1 x 1.5 - White suite with shower cubicle, W/C and hand basin. UPC double-glazed window.
Bedroom 1
4.4 x 2.7 - To the front aspect. White UPVC double-glazed window.
Bedroom 2
3.4 x 2.0 - To the front aspect, White UPVC double-glazed window.
Disclaimer
Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it. MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service. PLEASE NOTE that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were accurate at the (truncated)
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Woods Terrace, Murton, Seaham, SR7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Seaham Station2.2 miles
- Horden Station4.8 miles
About the agent
Holbrook & Co, Hartlepool
Holbrook & co, Hartlepool 19 Victoria Road Hartlepool TS24 7SE
At Holbrook & Co, we understand that buying, selling and letting a property can be a stressful and daunting experience, which is why we are here to guide you every step of the way. We pride ourselves on our integrity, transparency and professionalism, and always strive to exceed our clients’ expectations.
With decades of experience in the real estate industry, Holbrook & Co are committed to providing exceptional service.
As part of a 10 branch network across the North East, we are
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference HAR230449. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Holbrook & Co, Hartlepool. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Holbrook & Co, Hartlepool on 01429 804171.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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