Syndicate Type: Income & Geared
Asset Type: Retail
Property Address: 59/65A High Street, & 17/18 Bath Street, Redcar
Tenant: Landmark Property Investments (UK) Ltd
Lease Expiry: 25/06/2066
Passing rent: £100,000
The property is located in a small retail parade arranged around a pedestrianised zone at the junction of Bath Street and High Street in the coastal town of Redcar in the North East of England.
The High Street is the principal shopping street in Redcar with the property being located in a slightly secondary pitch within the pedestrianised zone. Surrounding occupiers include Greggs the Bakers, KFC, B & M Bargains and Specsavers Opticians.
The property forms part of a larger retail parade built in the 1960s. There are four retail units at ground floor level each with first floor storage and residential accommodation on the second floor.
Externally, the property is of cavity brick and blockwork construction under a flat roof incorporating a combination of timber and metal framed windows.