106 High Street, Redcar TS10 3DL
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Mid terrace freehold retail investment
- Comprises a large ground floor retail premises
- Situated in the heart of Redcar town centre
- Investment let at £11,880 per annum (13.2% GIY on guide price)
- Tenant not in occupation
Description
StrapLine
Auction Sale - 01/10/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA mid terrace freehold retail investment comprising a large ground floor retail premises. Situated in the heart of Redcar town centre.
Investment let at £11,880 per annum (13.2% GIY on guide price).
Description
The property comprises a large ground floor retail premises located at the heart of Redcar.
Let on a commercial lease producing a total rent of £11,880 per annum.
The property is at present let to Farplace Animal Rescue* for a term of 10 years from 20th August 2019 at a current rent of £11,880 per annum and the lease contains full repairing and insuring covenants. No breaks.*Tenant NOT in occupation. Farplace Animal Rescue are an animal welfare charity that operate from 39 charity shops across the UK and have been established since 2008.
Location
The property is situated in the heart of the town centre on the south side of High Street, close to Regent Walk Shopping Centre where retailers include Home Bargains and JD Sports. Other nearby occupiers of the High Street include Iceland, Morrisons, B&M, The Works, Wilko, Costa Coffee, Greggs, Sports Direct and WHSmith, amongst others.
Tenancy
Let to Farplace Animal Rescue 10 Years from 20 August 2019
106 High Street, Redcar TS10 3DL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Redcar Central Station0.3 miles
- Redcar East Station0.7 miles
- British Steel Redcar Station2.1 miles
Notes
Disclaimer - Property reference 194-18742. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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