Long Leasehold Retail Investment, 24 Dovecot Street, Stockton-on-Tees, TS18 1LN

The ground floor only of a three storey building arranged as a retail unit.

Location

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. 

Dovecot Street is one of the principal shopping thoroughfares in the town centre running west from High Street. The property lies on the north side of the street in a pedestrianised zone next to Wellington Square Shopping Centre where occupiers include WH Smith, The Works, Holland and Barrett and Caffe Nero. Other nearby occupiers include William Hill, Three, Halifax, Virgin Money and NatWest.

Accommodation

Ground Floor - Approximately 45.26 sq m (487 sq ft)

Terms

Specification

• Long leasehold ground floor retail investment
• Pedestrianised town centre location
• Close to numerous national retailers
• Let until 2034 (subject to break opton in 2029)
• Guide price reflects a gross initial yield of 14.29%
• Producing £10,000 per annum