REF: 184495499

For Sale

Freehold Investment, West Dyke Road, Redcar, TS10 3EA

Description

The income producing fully let property is a bar on the ground floor with 6 x apartments on the uppers. The whole property was refurbished to a high standard January 2022. 

The property is located on the corner of West Dyke Road and Lord Street in the town centre of Redcar.

The ground floor trades as Deanz Bar and is let on lease for a term of 5 years at a rent of £15,600 per annum

The upper floors are arranged to provide 2 x 2 bedroom apartments and 4 x 1 bedroom apartments. All are let on AST agreements and in total generate £30,720

Total rental income £46,320

Freehold For Sale £525,000

Please note a contribution towards surveyor’s fees of 0.75% of the purchase price is required upon completion.

Specifications

Invest and Develop

TBC

525000

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More Info

TESTIMONIALS

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"Fantastic service from start to finish, Thank you for making my purchase easy."

Sarah Gowland

"The best estate agents for commercial properties in the North East- Simple, no-nonsense and loads of common sense, Pay for what you get and carry on with your business. I lease two properties from Parker Barras, One short-term and one long-term and I dealt with the Taylors and Fishers at the famous cube office. Amazing people to connect with and their knowledge of Teesside and business acumen is second to none. Hopefully, I will secure a high street unit by next year."

Raojis Enterprises

"Really pleased with the service, they helped me sell my business and guided me through the whole process."

Manolia Majid

"The sale of my bar was so quick and easy. Very professional and I would definitely use them again."

Germaine Love