Summary - 131 High Street TS10 3DQ
2 bed 2 bath Commercial Property
Substantial freehold with income now and strong post-refurb yield potential..
Freehold three-storey property with commercial ground floor
Ground floor food takeaway let at £800 pcm on fixed lease
Upper two-bedroom flat vacant; needs refurbishment or conversion
Post-refurb yield potential over 10% (estimated)
Boiler/heating present but not verified as working
Very high local crime and area is very deprived
Council tax band A; EPC rating D
Chain free; immediate completion possible
A substantial three-storey freehold on Redcar High Street offering clear revenue and refurbishment upside. The ground floor is let to a food takeaway on a fixed lease producing £800 pcm; above is a vacant two-bedroom apartment requiring refurbishment with strong rental or conversion potential. With estimated post-refurbishment yields above 10%, the building is aimed squarely at investors or small developers who can complete works and re-let.
The building has solid bones — cavity walls, mains gas boiler and radiators, UPVC double glazing and a period layout that can be sensitively upgraded. The commercial fit-out to the ground floor is largely in place for a food operation, while upper floors show exposed floorboards, dormer windows and a large living room ready for refurbishment. Council tax band A and an EPC D reflect modest running costs once works are complete.
Buyers should note material negatives: the upper apartment needs renovation (cosmetic and likely services verification), the boiler and heating have not been confirmed as working, and the immediate area records very high crime and significant deprivation. These factors affect tenant demand and may influence insurance and financing. The property is offered chain free and available immediately — suitable for investors prepared to manage refurbishment and lettings.
Commercial property for sale in High Street, Redcar, North Yorkshire, TS10 — £145,000 • 3 bed • 2 bath • 441 ft²
End of terrace house for sale in Station Road, Redcar, TS10 — £229,950 • 1 bed • 1 bath • 2640 ft²
End of terrace house for sale in Station Road, Redcar, TS10 — £229,950 • 1 bed • 1 bath • 2640 ft²
3 bedroom terraced house for sale in Park Avenue, Redcar, TS10 — £145,000 • 3 bed • 1 bath • 312 ft²
Commercial property for sale in High Street, Redcar, TS10 — £265,000 • 4 bed • 1 bath • 2685 ft²
2 bedroom apartment for sale in Coatham House, Coatham Road, Redcar, TS10 1TE, TS10 — £55,000 • 2 bed • 1 bath • 453 ft²
