COMMERCIAL
More properties from this agent
Station Road, Redcar, TS10
£265,000
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Two Self Contained Flats
- Two Commercial Units
- High Standard Finish
- Investment Opportunity
- Shared Rear Yard
- Fantastic Roof Garden
- Bustling Central Location
- Perfect Airbnb/Serviced Accommodation
- Projected Income £1,925PCM
- Versatile Investment Opportunity
Description
We are delighted to welcome to the market this sizeable mixed commercial/residential property situated on Station Road, Redcar.
This is a most prominent building on a very busy, main street, built circa 1900's boasting plenty of Victorian charm and conveniently located just a stone's throw away from the Town Centre and Promenade. We consider this premises an ideal Investment opportunity for someone who is looking for a buy to let investment with an immediate return available.
Currently one of the commercial units (5a) is let to Retro 55 trading as a cafe/retail shop. We understand that before Retro 55 moved in, this was occupied by a bustling Licenced wine bar. The other commercial unit (5b) has been refurbished and is now ready to secure a new Tenant. The two flats are currently occupied with good, long term Tenants.
When fully occupied and at the current rent levels this building achieves £1,925PCM. However there is more than room to increase the return available on this building. A simple rent review may be all that is required to bring the rents closer to market value or perhaps you are looking to provide a serviced or Airbnb style accommodation to maximise your return. Whatever you are looking to achieve this property is truly versatile and can provide you with a very healthy rental return.
Worth mentioning that the current owner has spared no expense in upgrading the property over the years with a high standard of finish in all areas and the only reason for the sale is due to retirement.
We are pleased to see a functional communal area with the addition of a W/C and delightful ROOF GARDEN which are seldom found in Town Centre buildings such as these. This makes a great space for entertaining guests particularly if you are looking to provide an Airbnb style of accommodation.
Currently the home of Retro 55 (5a) consists of the following: Customer Area, Bar, Staff Toilet, Cellar - £420PCM - Lease in place - details can be provided.
Once the home for many years of Bespoke Home Improvements the commercial premises at (5b) consists of the following: Sizeable Showroom, Storage Area, Kitchen Area, Staff Toilet, Shared Rear Yard - current asking price £595PCM.
Flat 1 - second floor accommodation comprises the following; Entrance Hallway, Lounge, Kitchen, Bathroom, One Bedroom - £360PCM - AST, fixed term expired.
Flat 2 - first floor accommodation comprises the following; Entrance Hallway, Lounge, Kitchen/Diner, Bathroom, Two Bedrooms - £550PCM - AST, fixed term expired.
Communal Areas; Beautifully maintained, new carpets to stairway, feature tiling, roof garden, w/c.
Why not take a tour of this building now by clicking the link:
Please see below the links for each EPC:
Commercial 5a EPC:
Commercial 5b EPC:
Flat 1 EPC:
Flat 2 EPC:
Viewings are strictly via an appointment with the Agent. Please allow up to 45 minutes for your viewing to appreciate all this property has to offer.
5a Station Road
Customer Area: 28'5" x 14'5" (8.66m x 4.39m), Laminate flooring. Pendant lighting throughout. Spot lights. Shelving. Bar area. Fire place. Emergency lighting. Smoke detector. Fuse box.
Cellar: 13'4" x 6'4" (4.06m x 1.93m), Power sockets. Lighting. Shelving. Wooden stairs and banister. Smoke detector.
W/C: 6'5" x 3'1" (1.96m x 0.94m)
5b Station Road
Showroom: 30'0" x 16'2" (9.14m x 4.93m), CCTV to front and rear - feeds to monitor in the cupboard. Laminate flooring. Heating controls. Heat detector. Internet point. Lighting panel. Spot lights. Loft access. Storage/shelving. LED strip light to window display and remaining fluorescent lighting. Smoke detector. Fuse box.
Rear Storage Room: 21'0" x 21'0" (6.40m x 6.40m), Rear door to shared yard. Kitchen area; sink with mixer tap. Worktops and storage unit. Toilet off. Fuse box. Strip lighting.
W/C: 6'3" x 5'8" (1.91m x 1.73m), Toilet. White pedestal sink. Extractor. Cupboard. Vinyl flooring. Cladding to walls.
Shared Rear Yard: Fully enclosed, secure yard. Roller shutter door.
Communal Area: 16'5" x 5'4" (5.00m x 1.63m), Composite front door. Ceramic feature tiled flooring. Newly carpeted to stairs. Spot lights. Smoke detector. Storage cupboard housing electric meters for 2x flats and commercial unit 5b. Stairs off.
Roof Garden: 21'5" x 18'2" (6.53m x 5.54m), Concrete roof - felted. Astro turf and patio area. Two washing rotary lines. Commercial stainless steel sink. Rockery area. Fencing surrounding.
Flat 2 Entrance Hallway: Vinyl flooring. Spot light. Smoke detector. Consumer unit. Alarm control panel.
Flat 2 Kitchen: 13'7" x 13'9" (4.14m x 4.19m), Laminate flooring. Spot lights. Modern fitted kitchen with base and wall mounted units. Black glitter laminate worktops. Under unit lighting. Lamona electric oven and hob. Extractor fan. Electric heating - Airmaster. Smoke detector. Partially tiled.
Flat 2 Bathroom: 12'2" x 7'8" (3.71m x 2.34m), Vinyl flooring. Partially tiled. Spot lights. Electric heater. Chrome towel rail. White bath with shower over and glazed screen. Vanity unit with modern marble effect worktops. Extractor fan. Storage cupboard with main water cylinder.
W/C: 6'3" x 2'8" (1.91m x 0.81m), Vinyl flooring. Cladding to walls. Spot light. Toilet. Sink with cold water mixer tap and vanity unit. Over sink electric hand wash. Stop taps.
Flat 2 Lounge: 14'11" x 11'9" (4.55m x 3.58m), Carpeted. Pendant light. Spot lights. Electric fire. Electric heater.
Flat 2 Bedroom 1: 13'2" x 11'9" (4.01m x 3.58m), Carpeted. Electric heater. Spot lights. Storage cupboard.
Flat 2 Bedroom 2/Study: 2.80m x 3.40m (9'2" x 11'2"), Vinyl flooring. Spot lights.
Flat 1 Entrance Hallway: 3'5" x 7'1" (1.04m x 2.16m), Carpeted. Consumer unit. Smoke detector.
Flat 1 Lounge: 10'2" x 17'3" (3.10m x 5.26m), Carpeted. Spot lights. Electric heater. Smoke detector. Kitchen off.
Flat 1 Kitchen: 8'10" x 7'3" (2.69m x 2.21m), Vinyl flooring. Spot lights. Cream base and wall units with chrome handles. Black laminate worktops. Black sink with stainless steel mixer tap. Wine cooler. Plumbing for washing machine. Lamona electric oven and hob. Extractor fan.
Flat 1 Bathroom: 7'0" x 6'2" (2.13m x 1.88m), Vinyl flooring. Electric shower. Toilet. Sink. Electric heater. Velux window. Spot lights. Shower area tiled.
Flat 1 Bedroom 1: 10'0" x 9'9" (3.05m x 2.97m), Carpeted. Electric heater. Spot lights. 1x dormer window. 1x casement window.
This is a most prominent building on a very busy, main street, built circa 1900's boasting plenty of Victorian charm and conveniently located just a stone's throw away from the Town Centre and Promenade. We consider this premises an ideal Investment opportunity for someone who is looking for a buy to let investment with an immediate return available.
Currently one of the commercial units (5a) is let to Retro 55 trading as a cafe/retail shop. We understand that before Retro 55 moved in, this was occupied by a bustling Licenced wine bar. The other commercial unit (5b) has been refurbished and is now ready to secure a new Tenant. The two flats are currently occupied with good, long term Tenants.
When fully occupied and at the current rent levels this building achieves £1,925PCM. However there is more than room to increase the return available on this building. A simple rent review may be all that is required to bring the rents closer to market value or perhaps you are looking to provide a serviced or Airbnb style accommodation to maximise your return. Whatever you are looking to achieve this property is truly versatile and can provide you with a very healthy rental return.
Worth mentioning that the current owner has spared no expense in upgrading the property over the years with a high standard of finish in all areas and the only reason for the sale is due to retirement.
We are pleased to see a functional communal area with the addition of a W/C and delightful ROOF GARDEN which are seldom found in Town Centre buildings such as these. This makes a great space for entertaining guests particularly if you are looking to provide an Airbnb style of accommodation.
Currently the home of Retro 55 (5a) consists of the following: Customer Area, Bar, Staff Toilet, Cellar - £420PCM - Lease in place - details can be provided.
Once the home for many years of Bespoke Home Improvements the commercial premises at (5b) consists of the following: Sizeable Showroom, Storage Area, Kitchen Area, Staff Toilet, Shared Rear Yard - current asking price £595PCM.
Flat 1 - second floor accommodation comprises the following; Entrance Hallway, Lounge, Kitchen, Bathroom, One Bedroom - £360PCM - AST, fixed term expired.
Flat 2 - first floor accommodation comprises the following; Entrance Hallway, Lounge, Kitchen/Diner, Bathroom, Two Bedrooms - £550PCM - AST, fixed term expired.
Communal Areas; Beautifully maintained, new carpets to stairway, feature tiling, roof garden, w/c.
Why not take a tour of this building now by clicking the link:
Please see below the links for each EPC:
Commercial 5a EPC:
Commercial 5b EPC:
Flat 1 EPC:
Flat 2 EPC:
Viewings are strictly via an appointment with the Agent. Please allow up to 45 minutes for your viewing to appreciate all this property has to offer.
5a Station Road
Customer Area: 28'5" x 14'5" (8.66m x 4.39m), Laminate flooring. Pendant lighting throughout. Spot lights. Shelving. Bar area. Fire place. Emergency lighting. Smoke detector. Fuse box.
Cellar: 13'4" x 6'4" (4.06m x 1.93m), Power sockets. Lighting. Shelving. Wooden stairs and banister. Smoke detector.
W/C: 6'5" x 3'1" (1.96m x 0.94m)
5b Station Road
Showroom: 30'0" x 16'2" (9.14m x 4.93m), CCTV to front and rear - feeds to monitor in the cupboard. Laminate flooring. Heating controls. Heat detector. Internet point. Lighting panel. Spot lights. Loft access. Storage/shelving. LED strip light to window display and remaining fluorescent lighting. Smoke detector. Fuse box.
Rear Storage Room: 21'0" x 21'0" (6.40m x 6.40m), Rear door to shared yard. Kitchen area; sink with mixer tap. Worktops and storage unit. Toilet off. Fuse box. Strip lighting.
W/C: 6'3" x 5'8" (1.91m x 1.73m), Toilet. White pedestal sink. Extractor. Cupboard. Vinyl flooring. Cladding to walls.
Shared Rear Yard: Fully enclosed, secure yard. Roller shutter door.
Communal Area: 16'5" x 5'4" (5.00m x 1.63m), Composite front door. Ceramic feature tiled flooring. Newly carpeted to stairs. Spot lights. Smoke detector. Storage cupboard housing electric meters for 2x flats and commercial unit 5b. Stairs off.
Roof Garden: 21'5" x 18'2" (6.53m x 5.54m), Concrete roof - felted. Astro turf and patio area. Two washing rotary lines. Commercial stainless steel sink. Rockery area. Fencing surrounding.
Flat 2 Entrance Hallway: Vinyl flooring. Spot light. Smoke detector. Consumer unit. Alarm control panel.
Flat 2 Kitchen: 13'7" x 13'9" (4.14m x 4.19m), Laminate flooring. Spot lights. Modern fitted kitchen with base and wall mounted units. Black glitter laminate worktops. Under unit lighting. Lamona electric oven and hob. Extractor fan. Electric heating - Airmaster. Smoke detector. Partially tiled.
Flat 2 Bathroom: 12'2" x 7'8" (3.71m x 2.34m), Vinyl flooring. Partially tiled. Spot lights. Electric heater. Chrome towel rail. White bath with shower over and glazed screen. Vanity unit with modern marble effect worktops. Extractor fan. Storage cupboard with main water cylinder.
W/C: 6'3" x 2'8" (1.91m x 0.81m), Vinyl flooring. Cladding to walls. Spot light. Toilet. Sink with cold water mixer tap and vanity unit. Over sink electric hand wash. Stop taps.
Flat 2 Lounge: 14'11" x 11'9" (4.55m x 3.58m), Carpeted. Pendant light. Spot lights. Electric fire. Electric heater.
Flat 2 Bedroom 1: 13'2" x 11'9" (4.01m x 3.58m), Carpeted. Electric heater. Spot lights. Storage cupboard.
Flat 2 Bedroom 2/Study: 2.80m x 3.40m (9'2" x 11'2"), Vinyl flooring. Spot lights.
Flat 1 Entrance Hallway: 3'5" x 7'1" (1.04m x 2.16m), Carpeted. Consumer unit. Smoke detector.
Flat 1 Lounge: 10'2" x 17'3" (3.10m x 5.26m), Carpeted. Spot lights. Electric heater. Smoke detector. Kitchen off.
Flat 1 Kitchen: 8'10" x 7'3" (2.69m x 2.21m), Vinyl flooring. Spot lights. Cream base and wall units with chrome handles. Black laminate worktops. Black sink with stainless steel mixer tap. Wine cooler. Plumbing for washing machine. Lamona electric oven and hob. Extractor fan.
Flat 1 Bathroom: 7'0" x 6'2" (2.13m x 1.88m), Vinyl flooring. Electric shower. Toilet. Sink. Electric heater. Velux window. Spot lights. Shower area tiled.
Flat 1 Bedroom 1: 10'0" x 9'9" (3.05m x 2.97m), Carpeted. Electric heater. Spot lights. 1x dormer window. 1x casement window.
Energy Performance Certificates
EPCStation Road, Redcar, TS10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Redcar Central Station0.3 miles
- Redcar East Station1.0 miles
- British Steel Redcar Station1.9 miles
About the agent
Redcar Letting & Sales company ltd, Redcar
Exchange Buildings 17-19 Cleveland Street, Redcar, TS10 1AR
We are an established, local, family run Agency with extensive experience in both the rental and sales market, both residential and commercial.
We pride ourselves in the ability to provide the highest level of service coupled with comprehensive packages to suit all budgets.
We also offer free listings health checks on all properties currently on the market with other agents to ensure your property is marketed to the full potential.
We are also able to offer no obligation-ext
Industry affiliations
Notes
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Disclaimer - Property reference REDCA_002948. 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 Redcar Letting & Sales company ltd, Redcar. 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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