62 High Street, Redcar
£49.05 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,854 sq ft
265 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to PDSA
- Five Year Lease Expiring 05.10.2027
- 2025 Break Option Not Exercised
- 2,854 sq ft (265.14 sq m)
- Prime Pedestrianised Pitch
- Investment Let at £18,000 p.a. (12.85% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with ancillary space to the upper parts, the property is fully let to PDSA on a five year lease expiring 05.10.2027 and paying £18,000 per annum. The tenant did not exercise their 2025 break option, displaying confidence in the location.
The property occupies a prime pitch fronting the pedestrianised Redcar High Street. The street is characterised by a mix of national retailers including Savers, Santander, Boots and Costa.
Brochures
62 High Street, Redcar
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Redcar Central Station0.2 miles
- Redcar East Station0.9 miles
- British Steel Redcar Station2.0 miles
Notes
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