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Our Summary
- For sale by traditional online auction
- Investment opportunity
- AUCTION DATE : 12
- MULTIFACETED INVESTMENT PROPERTYA 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
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Description
The property is a mixed residential and commercial investment property located in a central town area near the seafront and promenade in Seaton, Devon. It features 16 self-contained flats with separate access and meters, arranged over three floors, including a mixture of studio and 1-2 bedroom apartments. The ground floor commercial accommodation includes a retail unit, public house, and garage, with the pub and print shop let on long-term leases.
The property has a prominent frontage and high footfall, with communal entrances, stairwells, and storage space. There is also a car park with permit spaces nearby, subject to confirmation.