2 bed flat for sale

16, 16A & 18 Newbegin, Hornsea HU18

A great opportunity to purchase a mixed-use freehold property right in the heart of Hornsea’s High Street, ideally positioned opposite the church and just a short stroll from the seafront. Situated in this sought-after East Yorkshire coastal town, the property enjoys a prominent location surrounded by independent shops, cafés, and local amenities, making it an attractive investment for those seeking a ready-made income in the centre of Hornsea.

The property includes two ground-floor retail units and a two-bedroom flat above, all held under a single freehold title. The flat and one shop are currently let to established tenants, with the second retail unit recently re-let at an improved rent. The property now generates a combined rental income of £1,595 per calendar month (£19,140 per annum), offering an immediate income-producing investment with scope for future growth.

Each shop features an open-plan retail area to the front, a WC, and a rear store or office, with access to a shared courtyard and four private parking spaces to the rear - a real benefit in this busy High Street setting.

The self-contained flat (16A) is accessed privately from the rear and offers two bedrooms, a bathroom with electric shower over the bath, a galley-style kitchen, and a spacious lounge leading to a bright day room. From here, doors open onto a south-facing private roof terrace, providing a lovely sunny spot to relax and enjoy views over Hornsea.

Services include mains electric and water (no gas). The overall condition is fair, presenting an excellent opportunity for investors looking for a solid return in a prime location that remains popular with both residents and visitors.

Being sold via the Modern Method of Auction with iamsold, starting bid £200,000.

About Hornsea

Hornsea is a friendly and thriving seaside town on the East Yorkshire coast, known for its long sandy beach, traditional promenade, and welcoming community. The High Street is lined with independent shops, cafés, and local businesses, creating a lively atmosphere year-round. With excellent schools, leisure facilities, and the nearby Hornsea Mere - Yorkshire’s largest freshwater lake - the town offers a wonderful mix of coastal charm and everyday convenience. Its popularity with both locals and tourists alike makes it a fantastic place to live, work, or invest.

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"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Notes

Services:
The property is understood to be connected to mains Electricity, Water and Drainage. Broadband and mobile coverage should be checked with the relevant providers. We have not tested any services, systems or appliances.

Measurements:
All measurements are approximate and provided for guidance only. Floor plans are included to give an indication of layout and are not to scale.

Information:
Information provided has been supplied by the seller and may be subject to change. Buyers should ensure all details are verified by their solicitor during the conveyancing process.

Disclaimer:
These particulars are produced in good faith and are intended as a general guide only. They do not constitute any part of an offer or contract. Any intending purchaser should satisfy themselves by inspection or otherwise as to the accuracy of the information provided before placing a bid or making an offer.