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Harbour Road, Seaton EX12 16 bed property for sale

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Harbour Road, Seaton EX12 16 bed property for sale

Harbour Road, Seaton EX12
£1,100,000

Our Summary

  • INVESTMENT OPPORTUNITY-BEING SOLD BY TRADITIONAL ONLINE AUCTION (ENDS 12
  • A substantial, multi-faceted investment property with 16 self-contained flats above ground-floor commercial accommodation, along with retail unit, public house and garage, offered for sale by traditional auction
  • , offering an operational revenue stream from day one (sold with rents reserved at auction)
  • • Asset management opportunities: Potential to refurbish common parts or individual units, convert under-utilised space, or improve commercial lettings to enhance value
  • Please refer to auction legal pack for further information
  • Please refer to auction legal pack for individual flat tenancy information
  • Internal viewings may be limited if units are occupied — purchasers should refer to auction pack and obtain surveys
  • Important Information - All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
  • AUCTION DATE : 12
  • FOR SALE BY TRADITIONAL ONLINE AUCTION
  • For sale by traditional online auction

Description

This substantial investment property in Seaton, Devon, is being sold by traditional online auction and comprises 16 self-contained flats above ground-floor commercial accommodation, including a retail unit, public house, and garage. The property offers a mix of stable residential tenancy and flexible commercial space, with a current rent reserved of £125,000 per annum. The property's seaside location and mixed-use layout create multiple opportunities to add value, whether through active asset management, selective refurbishment, or lease renegotiation. The property has a diverse income mix, with residential rents underpinning stable cash flow and commercial units offering upside through reversionary leases, rent reviews, or active re-letting. The property is being sold with rents reserved at auction, providing an immediate income stream for the buyer.