£250,000
(£54.61/sq. ft)
Retail premises for saleMilbank Terrace, Redcar TS10
5,860 sq. ft
About this property
Now Reduced
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 £250,000
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 £250,000
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