Substantial Freehold Town Centre Redevelopment
Exchange House, Exchange Square, Middlesbrough, North Yorkshire TS1 1DB
£480,000
24 September 2025
GUIDE PRICE
AUCTION DATE
Substantial Freehold Town Centre Redevelopment Opportunity - Vacant 49,000+ sq ft Commercial Building with Adjacent Car Park. A rare opportunity to acquire a significant freehold commercial premises in the heart of Middlesbrough town centre. Extending to approximately 49,014 sq ft across six levels (basement, ground, and four upper floors), Exchange House offers scope for redevelopment or refurbishment, subject to planning. The whole property is vacant and requires full renovation, making it ideally suited for conversion to residential apartments, or a mixed-use scheme with ground floor commercial units and residential accommodation above. Included in the sale is the Wood Street Car Park, directly to the rear of the building, extending to approx. 0.29 acres and also vacant - providing valuable additional space for parking, development, or amenity use. Exchange House occupies a prominent position in Exchange Square, a well-connected part of central Middlesbrough just moments from the railway station, local bus routes, and a range of shops, cafes, and public services. The area is undergoing wider regeneration, offering strong future potential. Key Features: Freehold building totalling approx. 49,014 sq ft. Arranged over basement, ground, and four upper floors. Vacant possession throughout. Includes 0.29-acre private car park (Wood Street). Significant redevelopment or investment potential (STP). Excellent central location near shops, services, and transport. An exciting opportunity for developers, investors, or those seeking a landmark project in a revitalising urban area.
Exchange House, Exchange Square, TS1 1DB
Guide Price
£480,000
Auction Date
24 Sep 2025
Auctioneer
Pugh & Company
Pugh & Company
Pugh & Company Ltd, 340 Deansgate, Manchester, M3 4LY
0345 505 1200
About Pugh & Company
Their clients appreciate the expert advice, maximum market exposure, value for money, impressive auction venues and one of the highest sales success rates in the UK offered by Pugh & Co. As a result, their team of chartered surveyors are trusted to act for a range of clients including private individuals, commercial organisations, over 80 local councils and other public bodies, asset managers, lenders and receivers.