Mixed Use Investment Sold on Yarm High Street | Delta Capital Property Investment

Mixed Use Investment Sold on Yarm High Street | Delta Capital

Key Facts

• Property: 143 High Street, Yarm, Teesside, TS15 9AY

• Sale Price: £700,000

• Net Initial Yield: 9.17%

• Total Size: 4,838 sq ft

• Passing Rent: £67,757 per annum

• Tenants: 7 (commercial and residential)

• Completion: April 2026

• Sector: Mixed Use — Retail & Residential

• Tenure: Freehold

Delta Capital Property Investment is delighted to announce the successful sale of a prominent mixed use investment property at 143 High Street, Yarm, completing in April 2026 at a price of £700,000.

The investment comprises a Grade II listed, three-storey brick built building situated in a prime position on Yarm's renowned High Street, generating a total passing rent of £67,757 per annum from seven tenants across two ground floor commercial units and five residential apartments on the upper floors.

The property benefits from strong income diversification, with 53% of income derived from commercial occupiers and 47% from residential tenants. The anchor commercial tenant is the Co-operative Group; a highly regarded covenant with a turnover of £11.3 billion and pre-tax profits of £161 million; occupying unit 143A on a lease running to January 2030. The residential apartments have maintained a 94% occupancy rate over the past seven years, underscoring the strength of tenant demand in this highly sought-after location.

In addition to the existing income, the property includes a development opportunity at 143B — a vacant former veterinary practice with planning permission approved in September 2023 for conversion to a residential flat with ancillary ground floor storage, providing a clear route for the purchaser to add further value.

Yarm is one of the North East's most affluent market towns, sitting on the banks of the River Tees with excellent transport connections, well-regarded schools, and a thriving High Street of independent shops, cafes and restaurants. Located within Stockton-on-Tees Borough, the town continues to attract strong investor interest as a result of its affluent demographics and limited investment stock coming to market.

"We were very pleased to manage this sale and secure a successful outcome for our client. 143 High Street is a characterful asset in one of Teesside's most desirable locations, offering an attractive blend of secure income, a strong anchor covenant and genuine value-add potential. It generated good investor interest and we are delighted to have concluded the transaction."

Daniel Capobasso, Managing Director, Delta Capital Property Investment

Contact

For further information regarding similar mixed use or commercial investment opportunities, please contact:

Daniel Capobasso MRICS

Managing Director, Delta Capital Property Investment

Mob: 07968 618 948

Email: dc@deltacap.co.uk

Daniel Capobasso is a RICS-qualified commercial property investment advisor and Managing Director of Delta Capital Property Investment, specialising in investment transactions and asset management across the North East of England.