Milbank Terrace, Redcar, North Yorkshire, TS10
Size
5,860
Tenure
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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
- 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 £225,000
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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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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Milbank Terrace, Redcar, North Yorkshire, TS10
About PARKER BARRAS COMMERCIAL LIMITED, North East
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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.