Freehold high-street unit with 3-bed flat — value-add refurb opportunity by the seafront..
Freehold mixed-use property on Redcar High Street
Ground-floor shop approx 80 sqm with street frontage
Three-bedroom flat across first and second floors (~56 sqm per floor)
Close to transport, seafront, shops and local amenities
Fast broadband and excellent mobile signal
Requires maintenance and likely refurbishment throughout
Located in very high crime, very deprived area — higher risk
Measurements and services unverified; buyer to commission surveys
A prime-sited mixed-use building on Redcar High Street offering a ground-floor commercial unit and a three-bedroom flat across first and second floors. The shop provides approximately 80 sqm of flexible retail/office space with good frontage and steady footfall from the town centre. The upper flat (circa 56 sqm per floor) offers three bedrooms and conventional living spaces laid out over two levels — useful for owner-occupiers, short-term letting or to provide rental income.
This freehold opportunity suits investors or an owner-operator prepared to refurbish. Key positives include excellent mobile signal and fast broadband, close proximity to transport links and local amenities, and easy access to the seafront. The property’s Victorian character and mix of rooms provide scope for reconfiguration or modernisation to increase yield or create multiple income streams.
Be clear about the material negatives: the building requires maintenance and is being sold with measurements and services unverified — buyers must obtain their own surveys and service checks. The area records very high crime and very high deprivation indices, which will affect tenant demand, insurance costs and management considerations. This is a value-add, fixer-upper proposition rather than a low-risk turnkey investment.
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