5/5A High Street Redcar North Yorkshire TS10 3BY

5/5A High Street
Redcar
North Yorkshire
TS10 3BY

Freehold Retail/Office Investment with Asset Management Opportunities

Comprises substantial ground floor former banking hall with office accommodation on the upper two floors
Immediate asset management opportunities
Onsite car parking
Busy town centre location close to Regent Walk Shopping Centre
Nearby occupiers include Subway, Nationwide, Iceland, Holland & Barrett and Boots
VAT Free Investment

Lot
28
Auction
13th February 2025
Rent
£7,750 per Annum Exclusive
Plus vacant former bank of 263.20 sq m (2,833 sq ft)
Status
Sold
Price
£111,000
Auction Venue
Live Streamed Auction

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Freehold Retail/Office Investment with Asset Management Opportunities

Comprises substantial ground floor former banking hall with office accommodation on the upper two floors
Immediate asset management opportunities
Onsite car parking
Busy town centre location close to Regent Walk Shopping Centre
Nearby occupiers include Subway, Nationwide, Iceland, Holland & Barrett and Boots
VAT Free Investment

Lot 28
Auction 13th February 2025
Rent £7,750 per Annum Exclusive Plus vacant former bank of 263.20 sq m (2,833 sq ft)
Status Sold
Price £111,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles east of Middlesbrough, 25 miles east of Darlington
Roads: A19, A66, A1065
Rail: Redcar Central Railway Station
Air: Newcastle/Durham Tees Valley Airport

Situation

The property is situated on the north side of the pedestrianised High Street East in the heart of the town centre. Nearby occupiers include Subway, Nationwide, Iceland, Holland & Barrett, Boots as well as being some 100 metres from the Regent Walk Shopping Centre.

Tenure

Freehold.

Location

Miles: 6 miles east of Middlesbrough, 25 miles east of Darlington
Roads: A19, A66, A1065
Rail: Redcar Central Railway Station
Air: Newcastle/Durham Tees Valley Airport

Situation

Tenure

Freehold.

Description

The property comprises a former bank on the ground floor with separately accessed office accommodation on the first and second floors and onsite car parking to the rear of the property.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a former bank on the ground floor with separately accessed office accommodation on the first and second floors and onsite car parking to the rear of the property.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail	263.20	(2,833)	VACANT
First Second	Office Office	97.20 108.80	(1,046) (1,171)	COATHAM HOUSE ENTERPRISE LIMITED (1)	20 years from 01/10/2004 (Holding Over)	£7,750
Total		469.20	(5,050) (2)			£7,750

(1) Coatham House Enterprise Limited are a charitable organisation providing supported accommodation to people aged 16-24 who are homeless or may be at risk of homelessness in the Redcar and Cleveland area (www.coathamhouse.org)
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.