106 High Street, Redcar, North Yorkshire, TS10
Size
1,937
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rental Income: £11,880 p.a.
- Gross Initial Yield: 10.33%
- Comprises large ground floor retail premises t/a Charity Shop (tenant not in occupation)
- Situated in the heart of the town centre on the south side of High Street
Description
Gross Initial Yield: 10.33%
Rental Income: £11,880 p.a.
VAT is applicable to this property
Comprises large ground floor retail premises t/a Charity Shop (tenant not in occupation)
Situated in the heart of the town centre on the south side of High Street
Nearby occupiers include Iceland, Morrisons, B&M, The Works, Wilko, Costa Coffee.
Property Description:
Comprises large ground floor retail shop, providing the following accommodation and dimensions:
Ground Floor: 180 sq m (1,937 sq ft)
Open plan retail, storage, office, kitchenette, wc
Tenancy:
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.
*Farplace Animal Rescue has sublet the premises to the charity DC Mobility Ltd. Farplace remains liable for the lease. Farplace are an animal welfare charity that operate from 39 charity shops across the UK and have been established since 2008.
Tenure:
Long leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
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.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 1
- Tenure
- Leasehold
- Length of lease
- 999 years left
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
106 High Street, Redcar, North Yorkshire, TS10
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference 106highst. 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 BLUE ALPINE PARTNERS LIMITED, 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.