Freehold Investment, West Dyke Road, Redcar, TS10 3EA
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.
Invest and Develop