Shopfront Properties for sale in Redcar, UK

Commercial Property in Redcar available for sale

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102-108 High St

Redcar, TS10 3DL

Retail for Sale
£315,000
8,010 sq ft

24 Hour Access

Redcar Retail for Sale

Investment Consideration: Gross Initial Yield: 11.71% Rental Income: £36,880 p.a. VAT is applicable to this property. TOGC available. Comprises 2 ground floor shops No.106 and 102-104 and self-contained offices at first floor No.108 Shop No 102-104 and first floor offices let to the same tenant until July 2037. Rent reviews linked to RPI every 5 years. Tenant break clause in 2031. Offices benefit from access from the High Street, as well as via external staircase at rear, providing future residential development potential, subject to planning Situated in the heart of the town centre with nearby occupiers including Sports Direct, Iceland, Morrisons, B&M, The Works, Costa Coffee, Café and many more. Property Description: The property comprises 2 retail shops (102-104 & 106) at ground floor and self-contained offices at first floor (108). Shop (102-104) and Offices have been let to the same tenant t/a Charitable Aid Foundation. First floor benefits from access from the High Street, as well as external staircase at rear, providing the following accommodation and dimensions: Ground Floor No.102-104: 400 sq m (4,305 sq ft) Open plan retail, storage, office, kitchenette, wc Ground Floor No.106: 180 sq m (1,937 sq ft) Open plan retail, storage, office, kitchenette, wc First Floor No.108: 173 sq m (1,862 sq ft) 8 office rooms, kitchen, wc Total GIA: 753 sq m (8,104 sq ft) Future residential development potential of first floor offices, subject to vacant possession and obtaining planning. Tenancy: No. 102-104 is at present let to The Imaginarium Creative Studios Ltd for a term of 12 Years from 1st August 2025 at a current rent of £20,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 5 years linked to RPI. Tenant option to determine on 01.08.31 with min 6 months notice. Deposit held of £5,000. Lease within Landlord & Tenant Act 1954 No. 108 is at present let to The Imaginarium Creative Studios Ltd for a term of 12 Years from 1st August 2025 at a current rent of £5,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 5 years linked to RPI. Tenant option to determine on 01.08.31 with min 6 months notice. Deposit held of £1,250. Lease within Landlord & Tenant Act 1954. Tenant benefits from rent free period until 30th July 2027. The vendor will top up rent, so the buyer received the equivalent to £5,000 p.a. from sale completion No.106 is at present let to Farplace Animal Rescue* for a term of 10 years from 20th August 2019 at a current rent of £11,880 per annum and the lease contains full repairing and insuring covenants. No breaks. *Farplace Animal Rescue has sublet the premises to the charity DC Mobility Ltd. Farplace remains liable for the lease. Farplace are an animal welfare charity that operate from 39 charity shops across the UK and have been established since 2008. Location: The property is situated in the heart of the town centre on the south side of High Street, close to Regent Walk Shopping Centre where retailers include Home Bargains and JD Sports. Other nearby occupiers of the High Street include Iceland, Morrisons, B&M, The Works, Wilko, Costa Coffee, Greggs, Sports Direct and WHSmith, amongst others.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Shopfront

Date on Market:

10/06/2026

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Redcar – Cafe, Takeaway & Retail

Retail for Sale
£300,000
1,959 sq ft
2 Retail Properties

Redcar Portfolio of properties for Sale

The shop No. 117 High Street is at present let to R B Periotto t/a Café & Patisserie for a term of 5 years from 1st November 2018 at a current rent of £11,000 per annum and the lease contains full repairing and insuring covenants. The shop No. 7 King Street is at present let to C Osborne t/a Pizza Kebab for a term of 7 years from 1st July 2017 at a current rent of £7,080 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews on the 1st July 2022 and 30th June 2023. The shop is at present let to an Individual for a term of 5 years since 2019 at a current rent of £6,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit is held of £1,000.

Contact:

Blue Alpine Partners Ltd

Date on Market:

25/09/2023

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Shopfront Properties for Sale Within 5 miles of the Redcar, UK

68-70 Westgate

Guisborough, TS14 6AY

Retail for Sale
£175,000
1,074 sq ft

Guisborough Retail for Sale

The freehold interest in 68–70 Westgate, Guisborough is offered for sale subject to the existing occupational leases. The property provides a fully income-producing town centre investment comprising a ground floor retail unit with separately accessed upper floors. The ground floor is let to Nhat Bui (nail salon operator) on a 5-year lease from 8 August 2022 at a rent of £10,000 per annum. The first and second floors are let to Daniel Murphy (tattoo studio operator) on a 7-year lease from 21 March 2023 at a rent of £4,160 per annum, subject to a tenant-only break at the end of year 6. Both leases are on effectively full repairing and insuring terms by way of service charge recovery. The total current rental income is £14,160 per annum exclusive. The property is not elected for VAT.