Back to search results1 WEST TERRACE, REDCAR, TS10 3BU
£140,000
Key information
- retail
- Redcar
- 2925 sqft
- Established location
- Small business rates relief
- Potential for residential conversion
- Double fronted retail unit
- Freehold with vacant possession
- Separate first floor access
- Open plan sales area
BROCHURE
LOCATION
The property is located within the seaside town of Redcar, 7.5 miles north east of Middlesbrough, 20 miles north west of Whitby and 7.5 miles south east of Hartlepool.
Redcar is a well-established retail centre accommodating local, regional and national occupiers including Costa, Vodafone, B&M and Greggs. The subject property occupies a secondary trading position on West Terrace, adjacent to the pedestrianised section of the High Street opposite William Hill and near to the Redcar Town Clock.
The seafront and esplanade area, approximately 100m north, have undergone significant regeneration in recent years including development of the Redcar Beacon, cinema complex and extensive landscaping.
DESCRIPTION
The property comprises a two storey, mid terraced building arranged to provide a ground floor retail unit, first floor offices and staff amenities together with attic storage.
Benefitting from roller shutter door security, rear lane access and double frontage, the property provides open plan sales with rear stockroom and staff WC on the ground floor.
The upper floors provide two offices together with kitchen, staff room and staff wc. A central stairwell provides access to further storage within the attic.
Externally a rear stairwell provides separate emergency access from the first floor flat roof to the rear lane
Available with vacant possession, the property is suitable for a variety of uses and holds potential for residential conversion to the upper floors subject to planning and the necessary consents being achieved.
ACCOMMODATION
The property provides the following approximate areas:
Ground Floor
Sales 123.36 sq m (1,328 sq ft)
Storage 12.19 sq m ( 131 sq ft)
WC -- --
First Floor
Offices 74.40 sq m ( 801 sq ft)
Kitchen/Staff Room 30.98 sq m ( 333 sq ft)
WC -- --
Attic
Stores 30.80 sq m ( 331 sq ft)
Total 271.73 sq m (2,925 sq ft)
PROPOSED TERMS
The freehold property is available to purchase with offers in the region of £140,000 invited.
RATING ASSESSMENT
The property has a Rateable Value of £11,500 and therefore qualifies for small business rates relief. Interested parties should contact Redcar & Cleveland Council for the exact rates payable.
VAT
We are advised that the property is not elected for VAT.
VIEWING
All viewings are strictly by prior appointment.
Contact: Jack Robinson
Tel: 01642 713303
Email: jack@thomas-Stevenson.co.uk
LEGAL COSTS
Each party is responsible for their own legal costs.
- These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract:
- Thomas Stevenson cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfy themselves as to their accuracy:
- No employee of Thomas Stevenson has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the authority.
- Prices/rents quoted in these particulars may be subject to VAT in addition; and
- Thomas Stevenson will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.