Milton Street, Saltburn-By-The-Sea TS12
North East
£180,000
Listed on 02/09/2026
Listed on 02/09/2026
The listing
Property details
Bedrooms
N/AType
Detached houseDescription
A substantial freehold commercial property occupying a prominent corner position at the junction of Milton Street and Pearl Street in central Saltburn-by-the-Sea. Formed by combining two former shop units, it provides approximately 242 square metres of ground-floor accommodation, with two cellar areas and mezzanine office or storage space. The premises have previously been used for food and takeaway businesses and include preparation areas, stainless-steel sinks and commercial extraction equipment. The accommodation is in need of refurbishment and offers scope to be arranged for a purchaser's intended commercial use, subject to confirming the lawful planning use and any required consents. The corner position has street-facing windows and entrances, with visibility onto two streets. Saltburn's town centre includes independent retailers, cafés, restaurants and bars, and the town also attracts visitors to its coastal setting. The property is marketed by Inglebys Estate Agents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
68out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £180,000, this is a notably cheap acquisition against the local average at £69/sq ft versus £203/sq ft. The prominent double-fronted corner position, substantial open commercial space, two cellars and mezzanine give the project a distinctive canvas, with scope to shape the layout for a suitable business use. The visible interiors need substantial making-good, including worn flooring and finishes, and the commercial preparation areas have missing or displaced ceiling panels; the exterior frontage appears generally intact in the available views. The £45,000–£90,000 renovation range points to a significant project rather than a cosmetic refresh. Limited photo coverage makes the renovation estimate further provisional.
Key opportunities
- Use the generous open commercial accommodation and former combined-shop layout to create a configuration suited to a chosen business, subject to any required consents.
- Build on the double-fronted corner position and street-facing glazing for visibility, with two cellars and mezzanine office or storage space adding useful ancillary areas.
- The £180,000 asking price is markedly below the local average per square foot, creating an opportunity to acquire a substantial town-centre premises at a low entry price.
Key risks
- Worn finishes, flooring and commercial preparation areas with missing or displaced ceiling panels, alongside a £45,000–£90,000 works range, make this a substantial budget and programme rather than a cosmetic refresh; services and extraction condition and compliance need checking.
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Transport
Nearest stations
Saltburn Rail Station
0.1 miles
Train · Saltburn
Marske Rail Station
1.9 miles
Train · Marske
Longbeck Rail Station
2.3 miles
Train · Redcar
Redcar East Rail Station
3.6 miles
Train · Redcar
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£680
Based on a loan of £135,000 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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