Description

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.