Summary - 5, STATION ROAD TS10 1AH
1 bed 1 bath End of Terrace
Large, fully occupied Edwardian building with immediate income and uplift potential.
Fully occupied mixed-use freehold generating £1,925 pcm income
High-standard internal refurbishments throughout; newly renovated
Two commercial units (tearoom and showroom) on five-year leases
Two self-contained flats; potential for serviced/Airbnb conversion
Rare roof garden and shared rear yard; limited external space
Located on busy town-centre street near promenade and amenities
Very high local crime and very deprived area — affects insurance/lettings
Small plot size; busy frontage may limit external amenity
A sizeable, fully occupied mixed-use freehold on Station Road, Redcar, offering immediate rental income and clear upside for an investor. The building comprises two self-contained flats and two commercial units, all recently upgraded to a high standard and generating a current combined income of £1,925 pcm with scope to raise rents to nearer market levels or switch to serviced/Airbnb use.
Ground-floor commercial spaces include a busy tearoom and a larger showroom/café, each on five-year leases, while the two upper flats are let on AST/commercial contracts. Communal improvements include new stair carpets, a WC, and a rare roof garden with astro turf—useful for short‑stay guests or tenant amenity. The property benefits from fast broadband and excellent mobile signal in a prominent town-centre location close to the promenade and local amenities.
Material considerations are factual and important: the building sits in a very deprived area with very high local crime statistics, which may affect tenant profiles, insurance costs and lettings strategy. The plot is small and the property fronts a busy main street, so external amenity is limited beyond the shared yard and roof garden. Although newly renovated internally, prospective buyers should budget for normal ongoing maintenance for a mixed-use, circa‑1900 building and verify lease lengths, tenant status and potential planning or licensing requirements for short-stay use.
This is a practical purchase for an investor seeking immediate income, multi-tenanted diversification and short-stay potential. The property’s size, period character and recent upgrades reduce initial capital outlay, while straightforward rent reviews or repurposing of units could meaningfully increase returns.
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