Restaurant for sale

52 Station Road, Redcar, Cleveland, TS10 1AG

107 sq. m. | £85,000

Property Description

Commercial information

  • 1,151 sq ft (107 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Investment Opportunity

Full description

Tenure: Freehold

LOCATION
The property is centrally situated in Redcar Town Centre on the nonpedestrianised
Station Road. This location is easily accessible via vehicular
traffic with on-site parking. Other nearby occupiers include Yorkshire Bank,
Barclays Bank and numerous local traders.
DESCRIPTION
The property is a mid-terraced two storey property providing a ground floor
restaurant and upper floor living accommodation. The property trades as
"Goa Lounge" an Asian Restaurant and Takeaway.
ACCOMMODATION
The ground floor property provides a restaurant with seating area, kitchens
and staff facilities. The upper floor provides living accommodation all
occupied by the tenant.
TENURE
The property is let to Mr Habib Rayhan for a term expiring in October 2028
at a rent of 10,000 per annum. The lease is subject to Five Yearly Rent
reviews and is on a FRI basis. The lease is guaranteed by Mr Jahir Uddin.
PRICE
Offers are invited in the region of 85,000 reflecting a net initial yield of
11.75%.
VIEWING
The property is a trading business and therefore viewing must be formally
organised via Thomas : Stevenson.

More information from this agent

Nearest stations

  • Redcar Central (0.2 mi)
  • Redcar East (1.0 mi)
  • British Steel Redcar (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Thomas : Stevenson, Middlesbrough

26 College Square, Stokesley, North Yorkshire, TS9 5DN

01642 268003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Redcar Central (0.2 mi)
  • Redcar East (1.0 mi)
  • British Steel Redcar (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Thomas : Stevenson, Middlesbrough

26 College Square, Stokesley, North Yorkshire, TS9 5DN

01642 268003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 52stationrd_redcar_220416. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Thomas : Stevenson, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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