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investment in SR8 Two storey terraced property Full tenanted investment Seaside Lane, Easington Colliery, Ground floor deli , SR8 3LA First floor 2 bed apartment Annual income of £8,020 £50,000 Starting Bid Freehold title

www.aspire.co.uk - Summary - Property Type: Investment - Parking: Allocated Price: £50,000

Description TO BE SOLD VIA North East Online Auction - January 28th at 10:30am - Fees Apply

We are pleased to offer to auction a mixed use investment opportunity, well located along the popular Seaside Lane, Easington Colliery. To the ground floor is a deli shop, and there is a 2 bed flat above. The property briefly comprises of main sales area and storage to the ground floor with 2 bedrooms and a lounge/kitchen to the first floor. The ground floor deli is currently let for £85 per week, and the first floor flat is let for £300pcm, totalling an annual income of £8,020.

Location The subject property is situated on Seaside Lane, the main thoroughfare through Easington village. Easington Colliery is approximately 3 miles east of Peterlee and 10 miles south of Sunderland. Seaside Lane offers great transport links, with the A19 being within close proximity and on a main public transport bus route.

Accommodation GROUND FLOOR Main sales area - 52.9sqm Storage - 44.4sqm

NIA 97.3sqm (1,047sqft)

FIRST FLOOR: Lounge Kitchen Bedroom Bedroom Bathroom

Rateable Value The adopted rateable value is £4,850 as of 1st April 2017. Sourced from VOA.

Lease Details The ground floor deli is currently let on a 6 month lease which commenced 19th November 2020, at a rent of £85 per week (£4,420 per annum). The first floor flat is currently let on a rolling basis at £300 per calendar month (£3,600 per annum). Achieving an annual income of £8,020.

Tenure Freehold. Title number DU61905.

EPC Available upon request (ratings D and E).

Additional Information For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on [email protected]. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest. Seaside Lane, Easington Colliery, Peterlee, County Durham, SR8 3LA Contact your local branch today for more information on this property: 16 Lambton Road, London, London, SW20 0LR, www.aspire.co.uk

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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