For Sale by Auction on 19th October 2023, Freehold Former Department Store, 150-152 High Street, Stockton-on-Tees, TS18 1PL

A substantial mid-terraced building of traditional construction beneath a part pitched and part flat roof. The building was formerly a Debenhams department store and is currently configured for multi-level retail sales. The building is arranged over lower ground, ground and four upper floors and totals approximately 8,161.10 sq m (87,845 sq ft). The building benefits from rear access via a rear service area, two passenger lifts and an escalator leading to the first and second floors.

There is currently an opening into the adjoining retail unit owned by Stockton Council that provided Debenhams with access from the Wellington Shopping Centre as well as a shared goods lift to the rear.

The building lends itself to a variety of alternative uses, subject to obtaining the necessary statutory consents. Such uses could include retail or leisure uses on the ground floor with the upper floors being suitable for conversion to residential, offices or hotel/serviced apartments. Prospective purchasers are advised to make their own enquiries of the local planning authority. 

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 commands a prominent position on the west side of High Street opposite its junction with Church Road and close to Wellington Square Shopping Centre with notable nearby occupiers including Costa Coffee, Specsavers, Boots Opticians, Iceland and JD Sports.