Summary - High Street, Redcar, North Yorkshire, TS10 TS10 3DE
1 bed 1 bath Retail Property (high street)
Rare freehold redevelopment opportunity in a regenerating seaside town.
Approx 22,852 sq ft over ground and first floors
A substantial freehold commercial building offering approx. 22,852 sq ft across ground and first floors in the heart of a busy seaside town. The property has a large open-plan retail ground floor, first-floor offices and storage, goods lifts, rear loading and prominent corner frontage suited to a single occupier, subdivision or redevelopment (subject to planning).
The asset is energy efficient with an EPC rating B and includes security features such as CCTV, alarms and roller shutters. Its location on the town centre High Street places it close to transport links to Middlesbrough and the wider Tees Valley, and the local area is currently the focus of public-realm regeneration investment.
Buyers should note material market and location factors: the surrounding area is described as very deprived with very high crime levels, which may affect retail footfall and tenant demand. The building dates from the late 1960s/early 1970s and has cavity walls assumed without added insulation, presenting medium-term refurbishment and energy-improvement opportunities.
This property will suit investors, developers or owner-occupiers seeking a large, flexible town-centre asset with clear asset-management potential. Vacant possession is offered, allowing immediate control for conversion, subdivision, lease-up or owner occupation.
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