Milbank Terrace, Redcar, North Yorkshire, TS10

£175,000

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Size

5,860

Tenure

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EPC

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Parking

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Primary use: High street retail
Frontage: Ask agent

No floor / site plan

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Key features

Large Property
Asset Management Opportunity
Good Location
Development Potential

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Description

NOW REDUCED

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 currently vacant it is expected that this could achieve between £8,000 - £10,000 per annum

Total Rental Income - £12,500 Per Annum .

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

For Sale £175,000

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Additional information

Service charge: Ask agent
Business rates: Ask agent
Use class: E
Listed building: Ask agent

Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Milbank Terrace, Redcar, North Yorkshire, TS10

NEAREST STATIONS

Redcar Central Station

0.12 miles

Redcar East Station

0.92 miles

British Steel Redcar Station

1.82 miles

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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 COMMERCIAL LIMITED, North East. 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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Milbank Terrace, Redcar, North Yorkshire, TS10

5,860

Key features

Description

Milbank Terrace, Redcar, North Yorkshire, TS10

Your search history

Milbank Terrace, Redcar, North Yorkshire, TS10

5,860

Key features

Description

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