High street retail property for sale
High Street, Stockton-On-Tees, Durham, TS18
£28.72 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,094 sq ft
566 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops
A1
Key features
- Investment Opportunity Offering 9.7% Yield
- Development Opportunity For 5/6 Flats
- Strong Covenant
Description
Parker Barras are delighted to offer this investment/development opportunity in the heart of Stockton-On-Tees.
This huge 4 storey property is currently occupied by The British Red Cross Charity, who signed a new 5 year lease on 18th December 2025 paying £17,000 per annum . The tenant currently occupies the full property including the 3 upper floors which are vacant, however negotiations have indicated that BRC would be happy to lease only the ground floor shop which they have now, on the same rent of £17,000 per annum.
BRC have been in occupation for over 10 years.
This would then leave the upper 3 floors, which have a separate access from the rear, for development into much needed flats for Stockton. A positive Pre Application was received for this scheme, upstairs could fit 5/6 flats.
The total property measures - 6094 SqFt
Asking price - £175,000 - an initial return of 9.7% prior to any further development.
*Please note all internal images are of the upper floors, accessed from the rear, they do require a full refurbishment to convert into flats, however the space is open and easily split into multiple flats/apartments.
High Street, Stockton-On-Tees, Durham, TS18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stockton Station0.4 miles
- Thornaby Station0.6 miles
- Eaglescliffe Station2.9 miles
Notes
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