Summary - 5, STATION ROAD TS10 1AH
1 bed 1 bath End of Terrace
Fully occupied Victorian mixed-use building with roof garden and growth potential.
Fully occupied mixed-use building producing £1,925 pcm income
High-standard recent renovations throughout communal and private areas
Two ground-floor commercial units trading on five-year leases
Two self-contained flats above with long-term tenants
Uncommon roof garden and compact shared rear yard
Busy main-street location with regular footfall and visibility
Area classified as very deprived; local crime levels very high
Potential to increase rents or operate serviced/Airbnb accommodation
A rare, sizeable mixed-use Victorian building in the heart of Redcar, set on a busy main street close to the town centre and Promenade. The property comprises two ground-floor commercial units and two self-contained flats above, all fully occupied and delivering an immediate rental income. Recent renovations mean the building presents a high-standard finish throughout, with communal improvements including new carpets to the stairway and an uncommon roof garden.
This asset suits an investor seeking immediate cash flow and refurbishment/upside potential. Current income is £1,925 pcm with obvious scope to raise rents to nearer market levels or convert the residential units to serviced/Airbnb accommodation to increase returns. Long-term tenants occupy the flats and both commercial units run on five-year leases.
Be candid about location-related risks: the property sits in an area classified as very deprived with very high local crime rates. The plot is compact with a shared rear yard rather than private gardens, and the building’s busy street frontage brings footfall but also the challenges of a town-centre position. These factors are reflected in current rents and should be considered when modelling yield and management costs.
Overall this is a versatile, income-producing investment with immediate returns and clear avenues for rental growth, but it requires an investor comfortable operating in a high-crime, high-deprivation urban centre and managing town-centre commercial/residential tenants.
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