Property photos
£275,000
(£54.61/sq. ft)
Retail premises for sale
Milbank Terrace, Redcar TS105,860 sq. ft
Local area information
Property location
Nearby amenities
- Redcar Central 0.1 miles
- Zetland Primary School 0.4 miles
- Sacred Heart Secondary Catholic Voluntary Academy 0.5 miles
- Redcar East 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Redcar to find out more about the local area.
Features and description
3-5 Millbank Terrace, Redcar TS10 1EF
Parker Barras are delighted to bring this to the market his large property, which is located just off Redcars popular station Road.
This 5860 SqFt property is currently occupied by both a downstairs and upstairs tenant.
Downstairs is occupied by an Indian Restaurant, they have been in occupation for over 13 years and have 2 years remaining on their lease. Currently paying £12,500 Per Annum.
Ground Floor - 2722.93 SqFt
First Floor - 3138 SqFt
Upstairs is occupied by a mma gym, currently on holdover paying £5,000 per annum, this tenant has occupied this space for over 5 years.
Total Rental Income - £17,500 Per Annum .
There is scope to increase the rental income for this property increasing the potential return.
For Sale £275,000
Parker Barras are delighted to bring this to the market his large property, which is located just off Redcars popular station Road.
This 5860 SqFt property is currently occupied by both a downstairs and upstairs tenant.
Downstairs is occupied by an Indian Restaurant, they have been in occupation for over 13 years and have 2 years remaining on their lease. Currently paying £12,500 Per Annum.
Ground Floor - 2722.93 SqFt
First Floor - 3138 SqFt
Upstairs is occupied by a mma gym, currently on holdover paying £5,000 per annum, this tenant has occupied this space for over 5 years.
Total Rental Income - £17,500 Per Annum .
There is scope to increase the rental income for this property increasing the potential return.
For Sale £275,000
More information
Listed by
Parker Barras
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Property descriptions and related information displayed on this page are marketing materials provided by - Parker Barras. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Parker Barras for full details and further information.