£150,000

Retail premises for sale

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Freehold

£150,000

(£218.02/sq. ft)

Retail premises for sale

High Street, Redcar TS10

From 688 - 1,718 sq. ft

Local area information

Property location

Nearby amenities

  • Zetland Primary School 0.3 miles
  • Redcar Central 0.3 miles
  • Sacred Heart Secondary Catholic Voluntary Academy 0.6 miles
  • Redcar East 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
Key Points

  • Situated in a prominent position on Redcar High Street
  • Total accommodation – 1,718 sq. Ft.
  • £25m Town Investment plan for Redcar underway
  • Rental income - £15,000 per annum
  • Freehold offers invited based on £150,000

  • Description

    The property comprises a 2 storey, high street retail unit of traditional construction with a pitched, tiled roof.

    The property is in single occupation by the current tenant, Hong’s Nail and Beauty salon who have been successfully trading from this location for the past 6 years.

    The ground floor comprises a nail bar and beauty salon with separate treatment rooms to the rear.

    The ground floor rear comprises staff kitchen and toilets. The first floor is currently undergoing refurbishment for additional treatment rooms.

    Location

    Redcar is a Victorian seaside town located 7 miles to the east of Middlesbrough with a local population of 37,000.

    The property is situated in a prominent position on the pedestrianised High Street.

    This is a good commercial location providing mixed users, that are predominantly retailers and professional service businesses. Nearby occupiers include Boyes, Cooplands, Hays Travel and B&M.

    Viewings

    Strictly through the Sole Agents Dodds Brown

    Terms

    Freehold offers invited based on £150,000

    Occupation

    Hong's Nail and Beauty Salon is held by way of an occupational lease which has been extended to 2028. Current rent passing is £15,000 per annum

    Rates

    The valuation office website shows a current rateable value of £11,250.

    The current ubr (Uniform Business Rate) is 49.9 pence in the pound for the 2023-2024 period. Enquiries regarding the actual amount payable should be directed to Redcar and Cleveland Borough Council on

    More information

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    Property descriptions and related information displayed on this page are marketing materials provided by - Dodds Brown. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Dodds Brown for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. North Yorkshire
    4. Teesside
    5. Redcar
    6. High Street

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