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£155,000
Mixed Use Investment
The property is conveniently located on Main Street in the centre of Seahouses one of Northumberland’s most popular coastal destinations and a thriving high street.
The village benefits from a successful tourism economy supported by the active harbour, boat trips to the National Trust owned Farne Islands and the areas famous sandy beaches and historic castles.
Year round footfall from both locals and tourists with substantial seasonal surges during holidays and weekends.
A very low vacancy rate and high levels of demand for commercial units on Main Street providing good relettings prospects and rental growth.
The property comprises a two storey end terrace building providing a ground floor retail unit and residential accommodation to the first floor.
The retail unit providing attractive retail space to the front with stores, kitchenette and W/C to the rear. The shop is let on a 15 year lease with rent reviews and breaks on each fifth anniversary. The passing rent is £6,000 per annum.
The flat is well appointed and maintained with separate access, off street car parkign space and a small yard. The two bedroom apartment is let on a historical AST agreement at a rent of £4,920 per annum.
The passing rent is £10,920 per annum and there are opportunities to actively asset manage the property in order to increase returns.
The rateable value of the premises as at 1 April 2026 is £5,300 and the estimated rates payable for the current year is £2,645. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.
The property has an EPC Rating of E (46).
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