Newbegin, Hornsea HU18 Mixed use for sale

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Newbegin, Hornsea HU18 Mixed use for sale

Newbegin, Hornsea HU18
£200,000

Our Summary

  • Being sold via the Modern Method of Auction with iamsold, starting bid £220,000
  • This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
  • FOR SALE BY THE MODERN METHOD OF AUCTION T&Cs APPLY

Description

This mixed-use freehold property in Hornsea's High Street offers a unique investment opportunity, with two retail units and a two-bedroom flat above, all held under a single freehold title. The property is currently let to long-standing tenants, generating a combined annual income of £16,980, with fixed contracts ensuring a smooth transition for the buyer. The shops feature open-plan retail areas, WCs, and rear storage or offices, while the flat offers two bedrooms, a bathroom, kitchen, and lounge with a private roof terrace. The property is in fair condition and benefits from mains electric and water services. With a starting bid of £220,000, this property presents an excellent opportunity for investors seeking a solid return in a prime location that remains popular with both residents and visitors.