Guide price
£25,000
Retail premises for sale108 High Street, Redcar, Cleveland TS10
Just added
Auction
Leasehold
About this property
Guide Price = £25,000-£50,000
**For Sale By Public Auction 2nd September 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A First Floor Office Space Fully Let Producing £5,000 Per Annum (Reflecting a Gross Initial Yield of 20%). Offered with Planning Permission to Convert to an Eight Bedroom HMO.
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
The property comprises a first floor office space situated in a mid terrace building arranged over ground and first floors.
Accommodation
First Floor
Seven Office Rooms
Kitchen
Two WC's
Tenancy
The property is subject to an Fri lease for a term of 12 years commencing 1st August 2025 at a rent of £5,000 per annum. 5-yearly rpi index linked reviews. Tenant's break clause 2031.
Planning
Redcar and Cleveland Borough Council granted the following planning permission (ref: R/2025/0370/ff) on 12th June 2026: 'Change of use of the first floor ancillary office space to House in Multiple Occupation (HMO) comprising of 8 bedrooms with associated internal alterations and a new access door to front in lieu of roller shutter'.
EPC Rating
C
VAT
VAT is applicable (togc available)
**For Sale By Public Auction 2nd September 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A First Floor Office Space Fully Let Producing £5,000 Per Annum (Reflecting a Gross Initial Yield of 20%). Offered with Planning Permission to Convert to an Eight Bedroom HMO.
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
The property comprises a first floor office space situated in a mid terrace building arranged over ground and first floors.
Accommodation
First Floor
Seven Office Rooms
Kitchen
Two WC's
Tenancy
The property is subject to an Fri lease for a term of 12 years commencing 1st August 2025 at a rent of £5,000 per annum. 5-yearly rpi index linked reviews. Tenant's break clause 2031.
Planning
Redcar and Cleveland Borough Council granted the following planning permission (ref: R/2025/0370/ff) on 12th June 2026: 'Change of use of the first floor ancillary office space to House in Multiple Occupation (HMO) comprising of 8 bedrooms with associated internal alterations and a new access door to front in lieu of roller shutter'.
EPC Rating
C
VAT
VAT is applicable (togc available)
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Monthly repayment
£125 per month
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