End of terrace house for sale

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End of terrace house for sale

Station Road, Redcar, TS10
£265,000

Our Summary

  • We consider this premises an ideal Investment opportunity for someone who is looking for a buy to let investment with an immediate return available

Description

This impressive mixed-use property on Station Road in Redcar is a rare find, boasting a prominent location on a busy main street. Built in the 1900s, the property combines commercial and residential spaces, offering a lucrative investment opportunity. The commercial units, 5a and 5b, are currently let to Retro 55, a thriving cafe/retail shop, and a vacant showroom, respectively. The two flats, occupied by long-term tenants, are also generating a healthy income. With a current annual rental income of £23,100, there is potential to increase the return by reviewing rents or converting the space into a serviced or Airbnb-style accommodation. The property features a beautifully maintained communal area, including a W/C and a delightful roof garden, making it an ideal spot for entertaining guests. With its unique blend of Victorian charm and modern amenities, this property is a must-see for anyone looking for a lucrative investment opportunity in the heart of Redcar.
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