102-104 High Street, Redcar, Cleveland, TS10 3DL
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Description
**For Sale By Public Auction 2nd September 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Double Fronted Retail Unit Fully Let Producing £20,000 Per Annum (Reflecting a Gross Initial Yield of 14.2%)
Tenure
Leasehold. The property will be held on a new 999 year lease from completion at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Redcar Beach are within easy reach. Transport links are provided by Redcar Central rail station.
Description
A ground floor double fronted retail unit situated within a mid terrace building arranged over ground and first floors.
Accommodation
Ground Floor
Retail Unit
WC
Tenancy
The property is let to The Imaginarium Creative Studios Ltd for a term of 12 years commencing 1st August 2025 at a rent of £20,000 per annum. 5-yearly RPI index linked reviews. Tenant's break clause 2031.
EPC Rating
C
VAT
VAT is applicable (TOGC available)
Viewing Appointments to be Confirmed
Brochures
Legal Documents102-104 High Street, Redcar, Cleveland, 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
About Auction House London, Hampstead
5 Hampstead Gate, 1A Frognal, Hampstead, London, NW3 6AL
Notes
Disclaimer - Property reference 360993. 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 Auction House London, Hampstead. 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 Auction House London, Hampstead on 020 3897 6030.
*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.”