A well-located mixed-use commercial and residential freehold investment situated within the established Premier Parade, Fairfield, Stockton-on-Tees. The property is arranged as two clearly defined and self-contained income streams, providing resilience, flexibility, and scope for future rental growth.

The building comprises a ground floor sunbed/tanning shop with a separate, self-contained two-bedroom flat above. Functionally and financially, this operates as two separate properties under one freehold title, a structure that consistently appeals to yield-focused investors seeking diversified income with manageable risk.

This type of asset performs well in established residential suburbs, where convenience-led commercial units benefit from repeat local trade, while residential accommodation maintains steady demand due to proximity to amenities and transport links.

Premier Parade occupies a central position within the Fairfield residential catchment, generating reliable footfall from surrounding housing. The parade benefits from a strong day-to-day convenience offer, including a Budgens/Premier store nearby, reinforcing ongoing commercial demand. Public transport links are immediately accessible, with wider connectivity into Stockton town centre and the Tees Valley road network.

Income Profile (Two Separate Revenue Streams)

Ground Floor Commercial Unit:
£725 per calendar month → £8,700 per annum
First Floor Residential Flat:
£450 per calendar month → £5,400 per annum

Total current annual income: £14,100

Both elements are independently lettable, allowing an investor to manage, re-let, or review each component separately. There is clear potential to enhance income over time, subject to market conditions and lease structuring, through rental re-gearing, modernisation, or improved covenant strength-particularly on the commercial element.

Property Specifics

Ground Floor (Commercial)

Established local sunbed/tanning use
Prominent frontage within a busy neighbourhood parade
Suitable for a range of service-led or convenience-based occupiers (subject to consents)

Upper Floor (Residential Flat)

Self-contained two-bedroom flat
Separate residential accommodation above retail parade
Strong historic and ongoing rental demand when priced correctly

Tenure

- Freehold

General Investment Commentary

This is a straightforward, no-nonsense parade investment in a proven residential suburb-exactly the sort of asset that underpins many long-term private investor portfolios. The split commercial/residential structure provides income diversity, while the location supports both repeat retail trade and consistent residential letting demand. With sensible asset management, there is scope to improve returns over the medium term, making this an attractive proposition for investors seeking both income and upside.

Viewing Arrangements

For further information or to arrange a viewing, please contact our Commercial Team. Please do not approach the business or staff on site under any circumstances. All enquiries must be directed through Magnum Properties.