£175,000
(£28.72/sq. ft)
Retail premises for saleHigh St, Stockton TS18
6,094 sq. ft
About this property
Investment Opportunity Offering 9.7% Yield
Development Opportunity For 5/6 Flats
Strong Covenant
134 High St, Stockton-on-Tees TS18 1LP
Parker Barras are delighted to offer this investment/development opportunity in the heart of Stockton-On-Tees.
This huge 4 storey property is currently occupied by The British Red Cross Charity, who signed a new 5 year lease on 18th December 2025 paying £17,000 per annum . The tenant currently occupies the full property including the 3 upper floors which are vacant, however negotiations have indicated that brc would be happy to lease only the ground floor shop which they have now, on the same rent of £17,000 per annum.
Brc have been in occupation for over 10 years.
This would then leave the upper 3 floors, which have a separate access from the rear, for development into much needed flats for Stockton. A positive Pre Application was received for this scheme, upstairs could fit 5/6 flats.
The total property measures - 6094 SqFt
Asking price - £175,000 + VAT - an initial return of 9.7% prior to any further development.
VAT - The property can be sold as a togc meaning the VAT is not chargeable or payable - please take your independent accountants advice on this.
*Please note all internal images are of the upper floors, accessed from the rear, they do require a full refurbishment to convert into flats, however the space is open and easily split into multiple flats/apartments.
Parker Barras are delighted to offer this investment/development opportunity in the heart of Stockton-On-Tees.
This huge 4 storey property is currently occupied by The British Red Cross Charity, who signed a new 5 year lease on 18th December 2025 paying £17,000 per annum . The tenant currently occupies the full property including the 3 upper floors which are vacant, however negotiations have indicated that brc would be happy to lease only the ground floor shop which they have now, on the same rent of £17,000 per annum.
Brc have been in occupation for over 10 years.
This would then leave the upper 3 floors, which have a separate access from the rear, for development into much needed flats for Stockton. A positive Pre Application was received for this scheme, upstairs could fit 5/6 flats.
The total property measures - 6094 SqFt
Asking price - £175,000 + VAT - an initial return of 9.7% prior to any further development.
VAT - The property can be sold as a togc meaning the VAT is not chargeable or payable - please take your independent accountants advice on this.
*Please note all internal images are of the upper floors, accessed from the rear, they do require a full refurbishment to convert into flats, however the space is open and easily split into multiple flats/apartments.
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