Summary - 168, HIGH STREET TS10 3AW
2 bed 1 bath Terraced
Two-storey shop and flat with refurbishment potential near the seafront.
Freehold mixed-use terraced property with vacant possession
A freehold, mixed-use terraced property on Redcar High Street with vacant possession and no chain. The building comprises a ground-floor commercial unit with a shopfront and a privately accessed one-bedroom first-floor flat (two bedrooms noted overall), offering immediate redevelopment or rental potential once refurbished.
This lot is sold at timed auction (17 December 2025) with an undisclosed reserve. The sale is unconditional on the fall of the hammer: successful bidders pay a minimum 5% deposit (or £5,000) and must complete within the auction timescales. Interested buyers should request the legal pack and carry out full due diligence before bidding.
Key positives include central High Street location in a seaside town, vacant possession, freehold title and good digital connectivity (excellent mobile, fast broadband) which supports retail or short-term letting uses. The property is set in an area with local amenities, schools rated Good, and footfall potential from nearby shops and leisure uses.
Material drawbacks are clear: the property requires full refurbishment throughout, the ground-floor space has a low ceiling and dated finishes, and the wider neighbourhood records very high crime and very high deprivation—factors that will affect tenant demand, insurance and refurbishment budgets. Auction fees, completion deadlines and the legal obligations on the buyer are additional constraints to factor into any offer.
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