Commercial property for sale in High Street, Loftus, Saltburn-By-The-Sea TS13

Strapline

Auction Sale - 18/06/2024

Of interest to investors and developers

Freehold Commercial Building Arranged as Four Ground Floor Units with Further Commercial Space on First and Second Floors. Planning Permission Granted for Change of Use of Uppers to 15 flats.

Investment let at £32,700 pa

Description

The property comprises a substantial building arranged as four ground floor shops, with further commercial accommodation on the first and second floors. The property also benefits from planning permission for change of use and conversion of existing first and second floor offices into 15 self contained flats.

Location

Loftus is approximately 17 miles east of Middlesbrough and approximately 5 miles south-east of Saltburn-by-the-Sea. The property is located on High Street, at it's junction with Co-Operative Terrace. Nearby occupiers include a number of independent shops, cafes and restaurants.

Tenancy

Please see Tenancy & Accommodation Schedule

Accommodation

Please note the approximate areas have been provided by the voa/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

Planning

Planning permission has been granted for change of use and conversion of existing first and second floor offices into 15 self contained flats; installation of 5 rooflights in front elevation with dormer extension to rear and external alterations (R/2022/0965/cam).

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