Commercial

The property is located on Station Road (B1404) within a small shopping parade in the heart of Northlea residential housing estate. Seaham is located on the east coast and benefits from fine beaches and good transport links to the eastern side of the country with the A19 approximately 2.5 miles away leading to Darlington and Middlesbrough in the south and the Tyne Tunnel and Northumberland to the north as well as the A1.

A traditional mid terrace two storey red brick building with pitched roof consisting ground floor tanning salon with first floor beauty rooms.

Floor Area
108.7 sq. m. (1,170 sq. ft.)

Yield
10.56 % Yield on Asking Price

Rental Income
£9,500 per annum

Tenant
Elevenerife (Aesthetics, beauty & tanning salon)

Lease
5 year lease from March 2022 (Tenant break at year 3)

Use Class
Change of use of shop and first floor flat to tanning salon with beauty rooms above. Ref: DM/22/00136/FPA

Two Storey Commercial Property
• Rental Income £9,500 per annum
• Floor Area 108.7 sq. m. (1,170 sq. ft.)
• Situated on Busy Main Road
• Ground Floor Tanning Salon & F/F Beauty
• 5 year lease from March 2022
• 10.56 % Yield on Asking Price
• Excellent Investment Opportunity

Property details provided by Rook Matthews Sayer
EPC rating: D and D
Council Band: A
Tenure : Freehold
For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 March 2025 OPTION 1

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (very low risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 14Mbps and the fastest package of 1000Mbps at this postcode: SR7 0AQ and mobile coverage is provided by EE, Three (limited indoor), 02 (limited indoor data) and Vodaphone (limited indoor).