*Guide | £180,000 (plus fees)
- Mixed Use
- Tenure: Freehold
Call the team on 0191 908 9691 for more information
OWN YOUR OWN SHOPPING ARCADE!
A fantastic business opportunity has arisen for someone to purchase the Loftus Shopping Centre at 2-3 Zetland Road in Loftus. Being a stalwart of the High Street this property is positioned in a busy location on the traffic lights, with previous businesses and holiday lets trading and paying rent this is an ideal opportunity for the right individual/business! Become part of the renovation of Loftus High Street and the unique opportunities that this venture would bring. This property is being sold by vacant possession. The ground floor currently has a barbers, laundrette, gaming arcade, vacant retail/cafe unit, as well as reception area, whilst also benefiting from parking to the rear as well as a large garage! This property requires someone to release the full potential of the units which exist within it, there are four residential flats above the retail unit, three of which are currently holidays lets ran by the existing owners, and benefit from repeat customers year on year, with one vacant and requiring attention. There is the added income from the laundrette, a vacant retail unit with large display window, previously let out as a cafeteria, as well as further development to the amusement arcade area... Available as a freehold purchase, and currently being sold due to retirement. Stock and fixtures & fittings would be available by separate negotiation via the seller: (2 x sunbeds, 2 x industrial washing machines, 2 x industrial driers plus approx. 30 x arcade machines).
Tenure
Freehold
GROUND FLOOR
Entrance/Reception Unit One - 3.9m x 5.4m Unit 5 - 8.9m x 5.7m Tanning Rooms Office/Reception Units 3 & 4 - 6.5m x 5.5m Laundrette Area - 4.2m x 1.8m
FIRST FLOOR
Apartment One Apartment Two Apartment Three Apartment Four
AUCTIONEERS NOTES
Property construction – Standard Electricity supply - Mains Water supply - Mains Sewerage - Mains Heating – Gas Broadband - Standard Speed – 20 mbps Mobile signal / coverage –Vodafone/ O2 /EE/THREE – Very Good Parking – Off Street/Garage Building Safety – See Legal Pack Restrictions –Yes - See See Legal Pack Rights and easements - See Legal Pack Flood risk – Low Coastal erosion –No Risk Planning permission – See Legal Pack Accessibility / adaptions - See Legal Pack Coalfield or mining area - See Legal Pack
VIEWINGS
Please contact Auction House on 01642 931060 for the viewing schedule
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Redcar and Cleveland Borough Council
Solicitors
Martin L Grove Solicitors, 81 High Street, Ref: Martin L Grove Solicitors, Tel: 01287 650675
Offered in association with
Inglebys Estate Agents
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - 1% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
