Retail premises for sale

102-104 High Street, Redcar, Cleveland TS10

Please refer to auctioneer for more information Guide Price = £100,000-£150,000

**For Sale By Public Auction 7th October 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor Double Fronted Retail Unit Fully Let Producing £20,000 Per Annum (Reflecting a Gross Initial Yield of 20% on Lower End of Guide)

Tenure
Leasehold. The property will be held on a new 999 year lease from completion at a peppercorn ground rent.

Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Redcar Beach are within easy reach. Transport links are provided by Redcar Central rail station.

Description
A ground floor double fronted retail unit situated within a mid terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Retail Unit
WC


Tenancy
The property is let to The Imaginarium Creative Studios Ltd for a term of 12 years commencing 1st August 2025 at a rent of £20,000 per annum. 5-yearly rpi index linked reviews. Tenant's break clause 2031.

EPC Rating
C


VAT
VAT is applicable (togc available)

Viewing Schedule (No Booking Required)