For Sale

For Sale, 110 High Street, Stockton on Tees TS18 1BD

1,906 Sq Ft
£135,000
  • Ref: CPNE_101763
  • Type: Retail
  • Availability: For Sale
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Property Features

  • Shop For Sale
  • Busy Town Centre Location
  • Nearby retailers Natwest, B&M
  • Potential conversion of upper floors
  • Opposite street car parking

Property Summary

The shop is located in Stockton High Street. The unit has great visibility from the multi-million-pound town centre regeneration area and is opposite on street parking which presently provides 1 Hour free parking. The shop is situated opposite the site of the proposed new publ...

Full Details

The shop is located in Stockton High Street. The unit has great visibility from the multi-million-pound town centre regeneration area and is opposite on street parking which presently provides 1 Hour free parking. The shop is situated opposite the site of the proposed new public realm and council offices which will replace the Castlegate Shopping Centre during 2021-2023 as part of the council’s regeneration plans.

The shop has a timber shop front and internally has plastered skimmed painted wall and suspended ceiling with surface mounted LED lighting. The shop unit is self-contained on ground. A side entrance provides access to the upper floor. To the rear of the shop is a WC and staff area.

The premises offer the potential to split the property for separate lettings.

PRICE
Offers in the region of £135,000 are sought for the freehold property.

The ground floor premises are available and being marketed to let by way of a new effective full repairing and insuring lease at a commencing rental of £10,000 per annum exclusive for a minimum term of 5 years. There is healthy interest as a result of the Castlegate closure in early 2022.

The upper parts are suitable for a variety of uses. We would anticipate that a rent of £5,000 pax is achievable on the uppers in the short term.

Accommodation:
Ground floor sales: 589.00 sqft
First floor : 589.00 sqft
Second floor: 425.00 sqft
Third floor: 303.00 sqft
Total: 1,906.00 sqft