Freehold Town Centre Redevelopment
Exchange House, Exchange Square, Middlesbrough, North Yorkshire TS1 1DB
£480,000
24 September 2025
GUIDE PRICE
AUCTION DATE
Property Details Description 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. Approx Site Area Exchange House site area: 0.15 hectares (0.26 acres) Wood Street Car Park site area: 0.11 hectares (0.29 acres) Total: 0.26 hectares (0.65 acres) Planning For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Middlesbrough Council, PO Box 500, Middlesbrough, TS1 9FT. Phone: 01642 245432. Costs Details of the Buyer's Premium and any additional fees payable are contained within the legal documents. General 1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder. 2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD AND CLOSES ON WEDNESDAY 24TH SEPTEMBER.
Exchange House, Exchange Square, TS1 1DB
Guide Price
£480,000
Auction Date
24 Sep 2025
Lot
003
Auctioneer
Mark Jenkinson & Son
Mark Jenkinson & Son
0114 276 0151
About Mark Jenkinson & Son
With a strong reputation for professional advice in the residential, and commercial property sectors, the city centre practice is nationally renowned for being the region's most successful firm of auctioneers, and one of the only ones in the North of England to be committed to nine sales each year.