86-88 High St 7,924 SF 100% Leased Retail Building Stockton On Tees TS18 1AA £450,000 (£56.79/SF) 6.89% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Access via A1305
- Prominent location
- Parking
EXECUTIVE SUMMARY
Commercial Investment and Development Opportunity. For Sale Freehold.
86 High Street. with cellar. Vacant with a potential rent of £10,000 per annum.
Energy Rated C
126 sq metres/ 1361 sq ft (approx)
87 High Street. Hairdressers Income of £9000 per annum.
Energy Rated C
83 sq metres/ 891 sq ft (approx)
88 High Street Ground Floor A5 Shop and First Floor of Pearl Assurance House.
£12,000 per annum. Lease commencing 23rd August 2019 for a term of 15 years (rent reviews June 2024 and June 2029.
Energy Rated E
159 sq metres (1711 sq ft (approx)
2 and 2A Yarm Road. Previously Prudential House Offices with planning permission for conversion to 6 residential flats. Permission granted 13th August 2019.
Planning 19/1238/FUL
Energy Rated G
251 sq metres/ 2701 sq ft (approx)
Car Park with parking for 12 cars
86 High Street. with cellar. Vacant with a potential rent of £10,000 per annum.
Energy Rated C
126 sq metres/ 1361 sq ft (approx)
87 High Street. Hairdressers Income of £9000 per annum.
Energy Rated C
83 sq metres/ 891 sq ft (approx)
88 High Street Ground Floor A5 Shop and First Floor of Pearl Assurance House.
£12,000 per annum. Lease commencing 23rd August 2019 for a term of 15 years (rent reviews June 2024 and June 2029.
Energy Rated E
159 sq metres (1711 sq ft (approx)
2 and 2A Yarm Road. Previously Prudential House Offices with planning permission for conversion to 6 residential flats. Permission granted 13th August 2019.
Planning 19/1238/FUL
Energy Rated G
251 sq metres/ 2701 sq ft (approx)
Car Park with parking for 12 cars
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
7,924 SF
Building Class
B
Year Built
1966
Price
£450,000
Price Per SF
£56.79
Net Initial Yield
6.89%
NOI
£31,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Frontage
59 ft on High Street
AMENITIES
- Corner Lot
- Security System
- Roller Shutters
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Accetto
- -
- 1,069 SF
- -
- -
- Animal Addiction
- -
- 1,298 SF
- -
- -
- Blessing Hair & Beauty
- -
- 729 SF
- -
- -
- Life Church Life Centre
- -
- 239 SF
- -
- -
- Uxbridge Scooters
- -
- 1,361 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Accetto | - | 1,069 SF | - | - | ||
| Animal Addiction | - | 1,298 SF | - | - | ||
| Blessing Hair & Beauty | - | 729 SF | - | - | ||
| Life Church Life Centre | - | 239 SF | - | - | ||
| Uxbridge Scooters | - | 1,361 SF | - | - |
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NEARBY MAJOR RETAILERS
CONTACT
-
Aaron Fisher -
Magnum Properties
