Lot 11
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80/82 High Street, Redcar, TS10 3DL

United Kingdom

*GUIDE PRICE £325,000 - £350,000


The passing rent as of 14 August 2022 for units A & D is £16,000, taking the overall income position to £40,350.00 per annum, as opposed to £32,350,00 per annum.

Property Summary

  • By order of a major property company
  • Freehold class E investment producing £32,350 per annum
  • Parking and access at rear
  • SIte area of 659.41 sq m (7,098 sq ft)
  • Development potential, subject to consents

Contact Us

John Connolly
John Connolly
Property Agent, here to help.
Hannah Smith
Vendor's Solicitor

Contact Us

John Connolly
John Connolly
Property Agent, here to help.
Hannah Smith
Vendor's Solicitor


Property description

The adjoining properties exend to approx. 627.5 sq m (6,754.35 sq ft) and are arranged over ground and first floor to provide retail/office/storage accommodation, with the ground floor comprising retail, offices and storage and the first floor comprising office and storage accommodation. There is access via the rear and parking.

The site area is approx. 659.41 sq m (7,098 sq ft), thus providing development potential, subject to consents.


Redcar is a busy coastal town on the eastern edge of the Teesside conurbation, some 9 miles east of Middlesbrough. Road links are good, being connected to the A19 at Middlesbrough, which is a principal north/south dual carriageway via the A174.

The buildings are situated on the south side of the High Street at its junction with France / Moore Street, a short distance from the pedestrianised section of the High Street. Occupiers close by include Wilko, Heron Foods, Hays Travel and Specsavers.


Redcar and Cleveland Borough Council (01642 774774) - www.redcar-cleveland.gov.uk



Additional Details

UnitAccommodationGIA (1)TenantStart dateEnd dateRent (Per annum)
A & DClass E

Ground Floor 201 sq m (2,164 sq ft)


First Floor 156.5 sq m (1,685 sq ft)


Total 357.5 sq m (3,848 sq ft)

James Jones @ BF Limited t/a Beautiful Furnishing14/08/202113/08/2025£8,000.00
BClass E

Ground Floor 117.5 sq m (1,266 sq ft)


First Floor 22.5 sq m (244 sq ft)


Total 140 sq m (1,509 sq ft)

Simon Walker, Julianne Askins & Shazana Rafiq t/a Appleby Hope & Matthews Solicitors14/01/202213/02/2025£7,500.00
CClass E

Ground Floor 101.5 sq m (1,095 sq ft)


First Floor 28.5 sq m (309 sq ft)


Total 130 sq m (1,399 sq ft)

Done Brothers (Cash Betting) Limited t/a Betfred (3)25/03/201424/03/2029 (2)£16,850.00
TOTAL 627.5 sq m (6,754.35 sq ft)   £32,350.00

(1) BidX1 have not measured the property. Areas have been obtained from the vendor.

(2) Tenant's option to break on 24/03/2024

(3) The tenant trades from over 1,400 shops and for the year ending 27/09/2020 reported a turnover of £244.15 million and shareholders' funds of £133.34 million (source: Companies House).


VAT is applicable to this sale, please refer to the legal documents for further details.

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £1,500 (inclusive of VAT)for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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