Newbegin, Hornsea HU18 Mixed use for sale

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Newbegin, Hornsea HU18 Mixed use for sale

Newbegin, Hornsea HU18
£220,000

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 ground-floor retail units and a two-bedroom flat above, all held under a single title. The property is currently let to long-standing tenants, generating a combined annual income of £16,980, and is situated in a prime location surrounded by independent shops, cafes, and local amenities. The retail units feature open-plan retail areas, WCs, and rear storage or offices, while the flat above offers two bedrooms, a bathroom, kitchen, and lounge with a private roof terrace. The property is in fair condition and presents an excellent opportunity for investors seeking a solid return in a popular coastal town. The starting bid is £220,000, and the property is being sold via the Modern Method of Auction with iamsold.