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Auctions / Redcar

66&66a High Street, Redcar, Cleveland, TS10 3DN

Guide Price* : £185,000 plus

HIGH STREET FREEHOLD COMMERCIAL PROPERTY

  • Fully Fitted Freehold Restaurant and Hot Food Takeaway
  • Vacant Possession
  • Approximately 500 sq m (5,334 sq ft)
  • Current Use Class - E (Commercial, Business and Service)
  • Prime Position on the High Street, Redcar

Addendum

The property is elected for VAT.
The EPC Rating is B:37

Description

The property comprises a two storey end terraced building arranged as a ground floor fully filled restaurant and hot food takeaway with first floor ancillary office/stores totaling approximately 500 sq m (5,334 sq ft).

Externally to the rear of the property and accessed off Lord Street, is a single storey garage/bin store with roller shutter access.

The approximate site area is 0.015 hectares (0.037 acres).

Location

Redcar is a busy coastal town on the eastern edge of the Teesside conurbation, some 9 miles east of Middlesbrough and 44 miles south east of Newcastle upon Tyne. The town is accessed via the A1085 and A66, which provides access to the A19 at Middlesbrough, which is a principal north/south dual carriageway linking to the A1(M) to the south. The town has two railway stations, these being Redcar Central and Redcar East, both providing regional rail links and links to the national rail network beyond. Teeside International Airport lies approximately 20 miles to the south west providing flights to domestic and European destinations.

High Street is the principal shopping thoroughfare in the town running west from the Esplanade. The property commands a prominent position on the north side of High Street. Nearby occupiers include TSB, Heron Frozen Foods, Santander, B&M and Specsavers.

Tenure

Freehold under Title Numbers CE2748, CE85549 and CE104441.

Planning Authority

Redcar and Cleveland Borough Council - www.redcar-cleveland.gov.uk

Legal Pack

The buyer is to make a contribution towards the Vendor's costs of £7,500 plus VAT. Details of which will be held within the Legal Documentation.

Bidder Registration

Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.

VAT

The property is elected for VAT

Energy Performance Certificate

B:37

Note

Please note, LSH have not inspected internally and the internal information has been provided by the Vendor.
Several KFC branded / Equipment will be removed prior to completion.
Completion is set for 3 weeks following the auction date.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Legal Documents

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Agreement Documents

Additional Documents

Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2024

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.