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Redcar – Cafe, Takeaway & Retail 2 Retail Properties Offered at $401,456 in Redcar
INVESTMENT HIGHLIGHTS
- Predominant position in a pedestrianised location
- Nearby occupiers include Heron Foods, Coral Betting, TSB Bank, Wilko, amongst other local traders
- Opposite Pontefract’s street market
- The property comprises a ground and first floor retail unit with first floor ancillary accommodation on the High Street and two ground floor retail sh
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $401,456 | Number of Properties | 2 |
| Price / SF | $204.93 / SF | Individually For Sale | 0 |
| Cap Rate | 8.03% | Total Building Size | 1,959 SF |
| Sale Type | Investment | Total Land Area | 0.10 AC |
| Status | Active |
| Price | $401,456 |
| Price / SF | $204.93 / SF |
| Cap Rate | 8.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,959 SF |
| Total Land Area | 0.10 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 117 High St, Redcar TS10 3DG | Retail | 986 SF | 1900 | - |
| King St, Redcar TS10 3DT | Retail | 973 SF | 1980 | - |
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Redcar – Cafe, Takeaway & Retail
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