REF: 179767453

For Sale

Investment/Development Opportunity For Sale: High street Loftus Saltburn-By-The-Sea TS13 4HW

Description

Investment/Development Opportunity For Sale: High street Loftus Saltburn-By-The-Sea TS13 4HW


Parker Barras are delighted to bring this development opportunity to the market.


Situated in the heart of the small market town, Loftus, the property has planning permission for conversion of the upper floors to 15 apartments, we are also advised that it is believed planning for a further 2 apartments may be granted. 


R/2022/0965/CAM


The ground floor commercial units currently generate an income of £2,000 Per Month, fully occupied we expect the commercial units to generate a total of £2,500 Per Month 


Fully Developed and occupied the property is estimated to generate a estimated revenue of £9250 Per Calendar Month with an estimated GDV in the range of £1.3 Million - £1.5 Million .


Full floorplans detailing sizes are available. 


Viewing is highly recommended. 


For Sale: £500,000 

Specifications

Invest and Develop, Offices, Retail

TBC

500000

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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

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Manolia Majid

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