Summary - 6, WELLINGTON STREET TS18 1NA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime high street retail location with heavy foot traffic
- Currently rented to Protein Superstore, generating an income of £7,500 per annum
- Spacious layout with approximately 1,495 sq ft of retail and ancillary space
- 5-year lease expiring in October 2026, with strong tenant history since 2016
- Eligible for Small Business Rates relief
- Offers a gross initial yield of 9.1%
**Concerns:**
- High local crime rate
- Limited mortgage options due to short remaining lease term
- Area classified as very deprived
This prime retail property on Wellington Street in Stockton-On-Tees offers a golden investment opportunity in a bustling commercial zone. Benefiting from significant foot traffic, the mid-terraced building features a modern storefront and a spacious layout comprising a 791 sq ft ground floor retail space and additional storage rooms on the first floor (704 sq ft). Currently leased to a well-established health store until October 2026, this investment guarantees a stable income of £7,500 per year, showcasing a compelling gross yield of 9.1%. Located amidst a variety of popular local and national retailers, this property is perfectly positioned for future business success.
However, prospective buyers should consider the challenges presented by a local high crime rate and limited mortgage accessibility due to the remaining lease duration. Additionally, the wider area is classified as very deprived, which could impact footfall and sales. Despite these concerns, the advantageous position and rental income create a strong case for investment in this vibrant area. Don’t miss out on this unique opportunity to secure a retail property with excellent potential—act promptly to explore this appealing offer!
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