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86-88 High St 7,924 sq ft 100% Let Retail Property Stockton On Tees TS18 1AA £424,950 (£53.63/sq ft) 7.29% 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
Shopfront Retail / Office
Property Size
7,924 sq ft
Costar Property Class
B
Year Built
1966
Price
£424,950
Price per sq ft
£53.63
Yield
7.29%
NOI
£31,000
Occupancy Rate
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
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Accetto
- -
- 1,069 sq ft
- -
- -
- Animal Addiction
- -
- 1,298 sq ft
- -
- -
- Blessing Hair & Beauty
- -
- 729 sq ft
- -
- -
- Life Church Life Centre
- -
- 239 sq ft
- -
- -
- Uxbridge Scooters
- -
- 1,361 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Accetto | - | 1,069 sq ft | - | - | ||
| Animal Addiction | - | 1,298 sq ft | - | - | ||
| Blessing Hair & Beauty | - | 729 sq ft | - | - | ||
| Life Church Life Centre | - | 239 sq ft | - | - | ||
| Uxbridge Scooters | - | 1,361 sq ft | - | - |
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86-88 High St
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