3 bed terraced house for sale

Park Avenue, Redcar TS10

Attractive 9% Yield – Turnkey Investment Opportunity
This well-presented mixed-use property offers an impressive gross yield of 9% and is already generating a stable rental income from both commercial and residential tenants.
The property features a recently refurbished ground floor commercial unit, currently let and producing £475 pcm. To the rear and above, you'll find a spacious three-bedroom residential unit, also tenanted and achieving £650 pcm. The residential accommodation has recently undergone significant improvements, ensuring minimal maintenance and strong tenant retention.
Additional highlights include a private rear garage, adding extra value and convenience for tenants or future use.
This is a hands-off investment with tenants in situ, offering immediate returns and long-term potential. A fantastic opportunity for investors seeking a reliable income stream with minimal hassle.

Shop Premises - Located on a busy neighbourhood parade close to central Redcar the unit comprises of an open plan area with storage and W.C. Facilities providing approximately 29sqm (312sqft). There is private parking available.
Suitable for a variety of uses subject to planning permission. Previous uses include a dog grooming salon and beauty salon/nail bar. Neighbouring occupiers include a general store, dentist, vets and pet supply store.