Retail premises for sale in High Street, Redcar TS10

Key Points

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

Availability_Text

The accommodation comprises the following areas:

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