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80/82 High Street, Redcar, TS10 3DL

  • Subasta
  • Lote 4
  • Reino Unido
  • Local
  • Comercial

Vendido por £282,000

Resumen de la propiedad

  • Freehold town centre retail investment 
  • Part let to Done Brothers until 2029 (no breaks)
  • Parking and access to the rear
  • Future alternative use potential (subject to consents)
  • Producing £24,350 per annum (plus vacant building)
  • By order of a major property company

Contactar con nosotros

Simon Bailey
Simon Bailey
El equipo está para ayudarte
Joe I’Anson
Joe I’Anson
Agente colaborador, para ayudarte aquí
James Thomson
Abogado del Vendedor

Contactar con nosotros

Simon Bailey
Simon Bailey
El equipo está para ayudarte
Joe I’Anson
Joe I’Anson
Agente colaborador, para ayudarte aquí
James Thomson
Abogado del Vendedor

Descargas

Descripción de la propiedad

Three adjoining two storey buildings of modern construction beneath a part pitched and part flat roof totalling approximately 627.63 sq m (6,756 sq ft). Each property comprises a ground floor retail/office unit with the first floors arranged as a mix of office and ancillary storage accommodaton. Unit A & D benefits from return frontage on to Moore Street.

There is rear access from a service yard area, where thers is also parking for approximately 6 cars. The upper floors in particular may offer future alternative potential, subject to obtaining the necessary consents.

Ubicación

Redcar is a busy coastal town on the eastern edge of the Teesside conurbation, some 9 miles east of Middlesbrough and 44 miles south east of Newcastle upon Tyne. The town is accessed via the A1085 and A66, which provides access to the A19 at Middlesbrough, which is a principal north/south dual carriageway linking to the A1(M) to the south. The town has two railway stations, these being Redcar Central and Redcar East, both providing regional rail links and links to the national rail network beyond. Teeside International Airport lies approximately 20 miles to the south west providing flights to domestic and European destinations.

High Street is the principal shopping thoroughfare in the town running west from the Esplanade. The property commands a prominent corner position on the south side of High Street at its junction with Moore Street. Nearby occupiers include TSB, Heron Frozen Foods, Santander, B&M, KFC and Specsavers.

Planificación

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

Estado de Ocupación

Freehold

Datos adicionales

Unit

Accommodation

Size

Tenant

Lease Start Date

Lease End Date

Rent (£pa)

A & D

Ground floor retail



First floor office/ancillary

 

 


TOTAL

201 sq m (2,164 sq ft)

 

156.5 sq m (1,685 sq ft)

 

357.5 sq m (3,848 sq ft)

Vacant

   

B

Ground floor retail/office

 

 

First floor office/ancillary

 

TOTAL

117.5 sq m (1,266 sq ft)

 

22.5 sq m (244 sq ft)

 

140 sq m (1,509 sq ft)

Simon Walker, Julianne Askins & Shazana Rafiq t/a Appleby Hope & Matthews Solicitors

14/01/2022

13/02/2025

£7,500

C

Ground floor retail

 

 

First floor office/ancillary



TOTAL

101.73 sq m (1,095 sq ft)

 

28.71 sq m (309 sq ft)

 

129.97 sq m (1,399 sq ft)

Done Brothers (Cash Betting) Limited t/a Betfred (1)

25/03/2014

24/03/2029 (2)

£16,850

TOTAL

 

627.63 sq m (6,756 sq ft)

   

£24,350

 


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

(2) Tenant's option to break on 24/03/2024, which has not been implemented

(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).

Impuestos

El IVA se aplica a esta venta, por favor refiérase a los documentos legales para obtener más detalles.

Consumo energético

Please refer to Legal Documents

Enlaces Útiles

*Términos y Condiciones

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 £2,400 (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 acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to 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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