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131 High St 2,138 sq ft 100% Let Retail Property Redcar TS10 3DQ £118,000 (£55.19/sq ft)
Investment Highlights
- Bus Route
- Daytime Foot Traffic
- Parking
Executive Summary
A substantial property with superb investment potential. Consisting of a spacious ground floor food takeout shop let on a six year lease with an income of £800pcm and a vacant two bedroom two-storey apartment above which does require refurbishment - with rental income potential from £500pcm to £1,000 if converted to two flats. Over 10% yield/return on investment after refurb! Available now, open to offers.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,138 sq ft
Costar Property Class
B
Year Built
1972
Price
£118,000
Price per sq ft
£55.19
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.86
Total Plot Size
0.06 ac
Frontage
28 ft on High Street
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Nearby Major Retailers
1 of 19
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131 High St
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