Summary - 5A, HIGH STREET TS10 3BY
1 bed 1 bath Office
Large Victorian freehold with seafront proximity — needs refurbishment, strong upside for investors..
- Freehold three-storey Victorian commercial building, approx. 4,897 sq ft
- Prominent corner position on pedestrianised Redcar High Street, 100m from seafront
- Separate access to 5a (Coatham House) and rear parking for 4–5 vehicles
- Ground-floor shopfronts currently boarded; former bank hall offers large open space
- No main heating system present; electric heaters assumed, likely requires services upgrade
- Solid brick walls with no insulation (assumed) and glazing/thermal performance undefined
- Area shows very high deprivation and very high crime — affects lettability/rental risk
- Vendor open to sale as whole or ground/upper floors sold/let separately
A substantial freehold town-centre building on Redcar High Street, offered as a whole or in parts. The late-Victorian red-brick property totals approximately 4,897 sq ft across three storeys, with a large former banking hall/retail ground floor and two upper floors of office accommodation. Separate access to 5a (Coatham House) from West Terrace Back Street and rear parking for 4–5 vehicles add practical value for owner-occupiers or occupiers seeking mixed retail/office use.
The property presents clear refurbishment potential: high ceilings, arched windows and a prominent corner façade give strong character and good street presence close to the regenerated seafront (circa 100m). Current ground-floor shopfronts are boarded and the building will require investment to modernise services — there is no main heating system in place (electric heaters assumed), walls are likely uninsulated solid brick and glazing/thermal performance is not defined.
Buyers should factor in the location’s challenges alongside its advantages. The area shows high deprivation and a very high local crime metric, which may affect lettability and rental values; meanwhile footfall from national occupiers and proximity to the seafront support retail demand. The vendor is seeking offers in the region of £195,000 for the freehold, making this a lower-entry-price opportunity for investors or developers prepared to invest in refurbishment and active asset management.
This building suits investors, local operators or a developer wanting to convert or reconfigure space. Offers to buy ground floor only or upper floors only may be considered, allowing phased investment or occupation strategies.
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