Guide price
£100,000
Retail premises for sale102-104 High Street, Redcar, Cleveland TS10
Auction
Leasehold
About this property
Guide Price = £100,000-£150,000
**For Sale By Public Auction 7th October 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Double Fronted Retail Unit Fully Let Producing £20,000 Per Annum (Reflecting a Gross Initial Yield of 20% on Lower End of Guide)
Tenure
Leasehold. The property will be held on a new 999 year lease from completion at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Redcar Beach are within easy reach. Transport links are provided by Redcar Central rail station.
Description
A ground floor double fronted retail unit situated within a mid terrace building arranged over ground and first floors.
Accommodation
Ground Floor
Retail Unit
WC
Tenancy
The property is let to The Imaginarium Creative Studios Ltd for a term of 12 years commencing 1st August 2025 at a rent of £20,000 per annum. 5-yearly rpi index linked reviews. Tenant's break clause 2031.
EPC Rating
C
VAT
VAT is applicable (togc available)
Viewing Schedule (No Booking Required)
**For Sale By Public Auction 7th October 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Double Fronted Retail Unit Fully Let Producing £20,000 Per Annum (Reflecting a Gross Initial Yield of 20% on Lower End of Guide)
Tenure
Leasehold. The property will be held on a new 999 year lease from completion at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Redcar Beach are within easy reach. Transport links are provided by Redcar Central rail station.
Description
A ground floor double fronted retail unit situated within a mid terrace building arranged over ground and first floors.
Accommodation
Ground Floor
Retail Unit
WC
Tenancy
The property is let to The Imaginarium Creative Studios Ltd for a term of 12 years commencing 1st August 2025 at a rent of £20,000 per annum. 5-yearly rpi index linked reviews. Tenant's break clause 2031.
EPC Rating
C
VAT
VAT is applicable (togc available)
Viewing Schedule (No Booking Required)
Mortgage calculator
Monthly repayment
£500 per month
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