1 November 2023: Wednesday 01 November 2023 - 9:00am
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    Key features

    • Mixed Use Retail and Office Building in central Middlesborough
    • Substantial office building comprising approximately 8,573.49 sq m (92,285 sq ft)
    • Planning Permission granted for change of use from offices (B1) to 102no bed hotel (C1), gym facility/banqueting hall (D2) with associated restaurant and kitchen facilities, 26no one and two bedroomed apartments (C3) and a restaurant/café (A3)
    • Planning permission implemented (no expiry date)
    • Other planning/uses may be granted, subject to consents
    • No void business rates
    • Current income of £38,600 (rising to £88,600 pa)

    Description

    The property comprises a six storey building currently arranged as nine ground floor and basement retail units, together with open plan office space on first, second, third, fourth and fifth floors.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please see Tenancy and Accommodation Schedule.

    Tenancy

    Please see Tenancy and Accommodation Schedule.

    Planning

    Planning permission has been granted (Ref:19/0456/COU) for change of use from offices (B1) to 102no bed hotel (C1), gym facility/banqueting hall (D2) with associated restaurant and kitchen facilities, 26no one and two bedroomed apartments (C3) and a restaurant/café (A3). For further information please visit Middlesborough Planning Portal (www.middlesbrough.gov.uk/planning-and-development/planning-applications/). Other planning uses may be granted, subject to consents. It is understood that the building is within the central zone of the levelling up campaign.

    Rent

    £38,600 pa (rising to £88,600 pa)

    Notes

    Please note the arrows and outlines are approximate and buyers should rely on the title documents in the legal pack regarding the extent of the site.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is located on Corporation Road within the heart of Middlesbrough Town Centre. Vancouver House is situated on the junction of Gurney Street and Corporation Road close to Middlesbrough’s restaurant and bar circuit which is focused around Wilson Street, Albert Street and Corporation Road where there are a number of a restaurants and bars. Close to the property is the Hill Street Shopping Centre and to the west is the Town’s prime retailing thoroughfare of Linthorpe Road. Nearby occupiers include Sports Direct, LUSH, River Island, The Body Shop.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums