Property for sale

Property Development TS10, North Yorkshire

Development opportunity in Redcar for Sale.

An excellent opportunity has arisen to acquire a prominent mixed-use development site situated in the heart of Redcar’s busy High Street. The property benefits from an approved planning consent for the creation of two ground floor retail units, along with eight self-contained residential apartments arranged across the first, second, and third floors - offering strong potential for both commercial and residential income streams.

This well-located property occupies a highly visible position within the established retail parade, benefitting from strong footfall and convenient accessibility. There is roadside parking immediately to the front of the building, complemented by a public car park located to the rear. Additionally, the site enjoys close proximity to the seafront, situated less than 100 metres away, further enhancing its appeal for both commercial tenants and residents.

The existing accommodation comprises a substantial double-fronted ground floor retail space, complete with a kitchenette, office / store area, and a large rear storeroom with delivery bay access - making it highly suitable for occupiers requiring storage and servicing facilities. The ground floor extends to approximately 2,750 sq ft in total.

Planning permission has been granted to subdivide the ground floor into two separate retail units; however, the space could equally be utilised as a single large unit, making it well suited to a variety of uses such as a convenience store, cafe, or restaurant (subject to the necessary consents).

The first floor is currently occupied and trading as a cafe, although the existing tenants are due to vacate in July 2026, providing vacant possession and immediate development potential thereafter.

The vendor’s preference is for an outright sale of the property, however, consideration will also be given to a joint venture arrangement with a suitable investor looking to participate in the redevelopment and maximise the site’s full potential.

This is a rare opportunity to acquire a versatile development site in a prime coastal town location with planning already secured, offering significant scope for value enhancement and future income generation.