REF: 212260702

For Sale

Asset Management Opportunity, 3-5 Millbank Terrace, Redcar TS10 1EF

Key Features

  • Large Property
  • Asset Management Opportunity
  • Good Location
  • Development Potential

Specifications

Invest and Develop, retail

5860.93 sqft

300000

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 £320,000