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Milbank Terrace, Redcar, North Yorkshire, TS10

£300,000

£51.19 per sq ft

Business rates & charges may apply

Parker Barras, Teesside
SIZE AVAILABLE

5,860 sq ft

544 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops and A3 Restaurants and Cafes

A1, A3

Key features

  • Large Property
  • Asset Management Opportunity
  • Good Location
  • Development Potential

Description

3-5 Millbank Terrace, Redcar TS10 1EF

Parker Barras are delighted to bring this to the market his large property, which is located just off Redcars popular station Road.

This 5860 SqFt property is currently occupied by both a downstairs and upstairs tenant.

Downstairs is occupied by an Indian Restaurant, they have been in occupation for over 13 years and have 2 years remaining on their lease. Currently paying £12,500 Per Annum.

Ground Floor - 2722.93 SqFt

First Floor - 3138 SqFt

Upstairs is occupied by a mma gym, currently on holdover paying £5,000 per annum, this tenant has occupied this space for over 5 years.

Total Rental Income - £17,500 Per Annum .

There is scope to increase the rental income for this property increasing the potential return.

For Sale £300,000

Milbank Terrace, Redcar, North Yorkshire, TS10

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Redcar Central Station0.1 miles
  • Redcar East Station0.9 miles
  • British Steel Redcar Station1.8 miles

About Parker Barras, Teesside

The Qube Windward Way, Middlesbrough, TS2 1QG

Parker Barras are award-winning Commercial Property & Business Transfer Agents formed in 2007 and operating from state-of-the-art office premises, located in Teesside and covering the North East.

Our proactive approach enables the firm to act efficiently on the Sale and Letting of all types of Commercial Property, as well as acting as business transfer agents, helping you achieve the best outcome, when its comes to selling your business.

Parker Barras charge absolutely no upfront fees and offer a free no obligation market appraisal.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 212260702. 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 Parker Barras, Teesside. 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.

Map data ©OpenStreetMap contributors.

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