TS18 Lot 7, 132 High Street, Stockton on Tees

A mid-terraced building of traditional construction totalling approximately 76.09 sq m (819 sq ft). The building is arranged as a ground floor retail unit with rear ancillary accommodation with further ancillary accommodation at first and second floor levels.

First floor Let to an individual t/a Vinny's Vapes for a term of 5 years from 12/07/2023 at £9,000pa. There are tenant break clauses on 12/7/2025 and 12/7/2027

Freehold retail investment

High Street location

Close to national retailers

Let until 2028

Producing £9,000 per annum

The market town of Stockton-on-Tees lies within County Durham about 10 miles east of Darlington and 21 miles south east of Durham. It can be accessed via the A66(M) and A19 with the former providing access to the A1(M) to the west. Stockton railway station provides regional rail services and Teesside International Airport lies about 8 miles to the south west. The town has recently benefitted from a £60m regeneration of the High Street, which is the widest in the UK.

High Street is the main shopping thoroughfare in the town centre. The property lies on the west side of the street at its junction with Dovecot Street adjacent to Wellington Square Shopping Centre where noteable occupiers include Holland & Barrett, WH Smith, Barclays, Poundland, Greggs and Vision Express.

1st floor Let until 2028

Rental Income £9,000 pa