COMMERCIAL
Zetland Road, Loftus
Guide Price
£225,000
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Be part of the huge investment/regeneration being invested in Loftus High Street
- Huge Investment Potential
- Excellent High Street location
- Fabulous potential to increase income further
- Four holiday let properties
- Parking and garage to the rear
- Close to all of the towns local amenities
- Well maintained throughout
Description
A fantastic business opportunity has arisen for someone to purchase the Loftus Shopping Centre at 2-3 Zetland Road in Loftus. Being a stalwart of the High Street this property is positioned in a busy location on the traffic lights, with existing businesses and holiday lets already trading and paying rent this is an ideal opportunity for the right individual/business! Become part of the renovation of Loftus High Street and the unique opportunities that this venture would bring. The ground floor currently has a barbers, laundrette, gaming arcade, vacant retail/cafe unit, as well as reception area, whilst also benefiting from parking to the rear as well as a large garage!
This property requires someone to release the full potential of the units which exist within it, there are four residential flats above the retail unit, three of which are currently holidays lets ran by the existing owners, and benefit from repeat customers year on year, with one vacant and requiring attention. There is the added income from the laundrette, a vacant retail unit with large display window, previously let out as a cafeteria, as well as further development to the amusement arcade area... Available as a freehold purchase, and currently being sold due to retirement. Stock and fixtures & fittings available by separate negotiation: (2 x sunbeds, 2 x industrial washing machines, 2 x industrial driers plus approx. 30 x arcade machines).
Tenure: Freehold
EPC Rating: To follow.
Council Tax Banding: N/A, currently non-domestic rateable value.
Entrance/Reception - Red Tiled floor via double doors to the reception area with access to all ground floor rooms. Reception Kiosk, with tanning rooms to either side of the reception. Staircase leads to toilet facilities on the first floor.
Unit One - 3.9m x 5.4m (12'9" x 17'8") - Red tiled floor continues, currently let as a barbers with two barber chairs and mirrors etc, windows to the front aspect.
Unit 5 - 8.9m x 5.7m (29'2" x 18'8") - Floor covering continues to this much larger unit with display windows to the front aspect, previously had a hot food license and used as a cafeteria, currently being used as a storage facility, but could generate good income for retail or cafeteria, there are still the extractors for cooking provisions?
Tanning Rooms - 4.6m deep (15'1" deep) - Each tanning room has one stand up sun bed, each generate additional income to the current owners.
Office/Reception - 4.6m deep (15'1" deep) - Power supplies, lighting and internet facilities with reception desk etc...
Units 3 & $ - 6.5m x 5.5m (21'3" x 18'0") - Currently split into two amusement centre areas with gaming/gambling machines (available by separate negotiation).
Laundrette Area - 4.2m x 1.8m (13'9" x 5'10") - Currently running with two industrial washing machines, and a further two industrial dryers generating additional income, especially in the holiday let market which is booming in the area. Steps to the side of the launderette lead to there rear parking area and garage.
Apartment One - Currently running as a holiday let via Air BnB, taking repeat guests year on year ran by the current owners. A two bedroom apartment with lounge, kitchen, bathroom and two bedrooms.
Apartment Two - Another two bedroom apartment which is currently being used as storage, and as a facility for the current owners. Could easily be refurbished into an additional two bedroom apartment, which could generate either additional holiday let income or long term let?
Apartment Three - Another two bedroom apartment let out as a holiday let through Air BnB.
Apartment Four - A one bedroom apartment with a neat little additional sleeping area to the rear of the lounge, again currently ran as a holiday let by the current owners.
Externally - FRONT
Access to the retail area is directly accessed from the front street of Zetland Road.
REAR
Parking for approximately eight cars plus a large garage which all backs onto Coronation Park. The apartments are all accessed from the rear by steps.
The holiday lets have shared patios/seating areas to the rear with views over the Park to the rear.
This property requires someone to release the full potential of the units which exist within it, there are four residential flats above the retail unit, three of which are currently holidays lets ran by the existing owners, and benefit from repeat customers year on year, with one vacant and requiring attention. There is the added income from the laundrette, a vacant retail unit with large display window, previously let out as a cafeteria, as well as further development to the amusement arcade area... Available as a freehold purchase, and currently being sold due to retirement. Stock and fixtures & fittings available by separate negotiation: (2 x sunbeds, 2 x industrial washing machines, 2 x industrial driers plus approx. 30 x arcade machines).
Tenure: Freehold
EPC Rating: To follow.
Council Tax Banding: N/A, currently non-domestic rateable value.
Entrance/Reception - Red Tiled floor via double doors to the reception area with access to all ground floor rooms. Reception Kiosk, with tanning rooms to either side of the reception. Staircase leads to toilet facilities on the first floor.
Unit One - 3.9m x 5.4m (12'9" x 17'8") - Red tiled floor continues, currently let as a barbers with two barber chairs and mirrors etc, windows to the front aspect.
Unit 5 - 8.9m x 5.7m (29'2" x 18'8") - Floor covering continues to this much larger unit with display windows to the front aspect, previously had a hot food license and used as a cafeteria, currently being used as a storage facility, but could generate good income for retail or cafeteria, there are still the extractors for cooking provisions?
Tanning Rooms - 4.6m deep (15'1" deep) - Each tanning room has one stand up sun bed, each generate additional income to the current owners.
Office/Reception - 4.6m deep (15'1" deep) - Power supplies, lighting and internet facilities with reception desk etc...
Units 3 & $ - 6.5m x 5.5m (21'3" x 18'0") - Currently split into two amusement centre areas with gaming/gambling machines (available by separate negotiation).
Laundrette Area - 4.2m x 1.8m (13'9" x 5'10") - Currently running with two industrial washing machines, and a further two industrial dryers generating additional income, especially in the holiday let market which is booming in the area. Steps to the side of the launderette lead to there rear parking area and garage.
Apartment One - Currently running as a holiday let via Air BnB, taking repeat guests year on year ran by the current owners. A two bedroom apartment with lounge, kitchen, bathroom and two bedrooms.
Apartment Two - Another two bedroom apartment which is currently being used as storage, and as a facility for the current owners. Could easily be refurbished into an additional two bedroom apartment, which could generate either additional holiday let income or long term let?
Apartment Three - Another two bedroom apartment let out as a holiday let through Air BnB.
Apartment Four - A one bedroom apartment with a neat little additional sleeping area to the rear of the lounge, again currently ran as a holiday let by the current owners.
Externally - FRONT
Access to the retail area is directly accessed from the front street of Zetland Road.
REAR
Parking for approximately eight cars plus a large garage which all backs onto Coronation Park. The apartments are all accessed from the rear by steps.
The holiday lets have shared patios/seating areas to the rear with views over the Park to the rear.
Brochures
Zetland Road, LoftusZetland Road, Loftus
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Saltburn Station4.0 miles
About Inglebys Estate Agents, Saltburn-By-The-Sea
4a Station Street, Saltburn-By-The-Sea, TS12 1AEIndustry affiliations:
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