Commercial · For sale

Station Buildings, Saltburn-by-the-Sea – Unique Multi-Let Retail Investment

Station Square, Saltburn-by-the-Sea, Redcar and Cleveland, TS12 1AQ

Offers over £1,095,000

Tenure

Not specified

Added

18 Oct 2026

About this property

Grade II Listed; Ten retail units; 6,239 sq ft; 100% let to ten tenants; Long leasehold.

The building dates from 1862 and was originally Saltburn's railway station, designed by William Peachey; it has since been converted into a Grade II Listed parade of ten retail units. Constructed from cream brick with ashlar dressings under a Welsh slate roof, the property retains many of its original Victorian features, including a central portico with Tuscan pilasters, round arches with ashlar architraves, and the original cast iron, single-glazed windows. The building has been comprehensively refurbished by the current owner within the last 18 months, including a new roof covering and refurbishment of the stone plinths, materially improving the condition of the asset ahead of sale. 10 6,239

Key points: - Exceptionally rare character retail parade within Saltburn's former 1862 railway station. - Fully let to ten tenants with a WAULT of approximately 4.98 years to expiries. - Comprehensively refurbished within the last 18 months, including a new roof covering. - ERV of circa £117,092 pa (£18.77 psf) against an average passing rent of £15.98 psf. - Opportunity to acquire an exceptionally rare, character retail parade in the Victorian seaside resort of Saltburn-by-the-Sea. - Constructed in 1862, the property comprises ten retail units within the Grade II Listed former station buildings, totalling approximately 6,239 sq ft. - Comprehensively refurbished by the vendor within the last 18 months, including a new roof covering and refurbished stone plinths. - Fully let (100% occupancy) to ten tenants at a current passing rent of £102,791.50 per annum (following the imminent Whitby Yard rent uplift). - Current retail passing rent reflects an average of only £15.98 per sq ft. - WAULT of approximately 4.98 years to lease expiries.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Passing Rent: £102.8k pa
• Net Initial Yield: 8.16%
• Reversionary Yield: 9.39%