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    Key features

    • To be offered on Wednesday 10th December
    • Prime town centre location at junction of Newport Road and Linthorpe Road
    • Former department store with potential for alternative uses (subject to planning consent)
    • Neighbouring occupiers include Caffe Nero, Flannels, Specsavers and Tui.
    • Guide Price reflects less than £5.00 per sq ft

    Description

    The property comprises a former Debenhams department store and is currently configured for multi-level retail sales. The property is arranged over six floors and was originally a hotel, becoming a department store in 1912. The property has many period construction features Additions to the floors took place from the 1960s. Internally the property is fitted out as a department store with open plan retailing around a service core. Floor plans are available upon request.

    Additional information

    Planning

    Middlesbrough town centre falls under the jurisdiction of the Middlesbrough Development Corporation (https://teesvalley-ca.gov.uk/about/mayoral-development-corporation/ ) which has been formed with the overarching goal to transform Middlesbrough, their focus being town centre regeneration. They are actively looking to work with local stakeholders to create sustainable commercial developments, thriving neighbourhoods and valued amenity space.

    The property is suitable for a variety of different uses. Communication with both Middlesbrough Borough Council and the Mayoral Development Corporation suggests they are very supportive of revitalising the property and would be supportive of any change of uses (Subject to planning consent). The ground floor would lend itself to both retail and leisure uses with the upper floors being suitable to conversion to apartments, student residential, office or a hotel/serviced apartments.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      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

      Within the Teesside region Middlesbrough is the principal retail and municipal centre. The town has excellent links to the UK road network including the A66 and onward to the A1(M) and national motorway network.

      The property occupies a prominent position on Newport Road- the principle retail and leisure street in Middlesbrough. Occupiers in the immediate vicinity include Specsavers, British Heart Foundation and Flannels.


      The prime shopping centre in Middlesbrough is located 0.3 miles from the property and the town's bus station

      Transport

      Rail : Middlesborough Railway Station - services to London Kings Cross (approximately 3 hours), Newcastle (1 hour), Leeds (90 minutes)

      Middlesbrough’s Durham-Tees Valley Airport: 12 miles to the south west Newcastle Airport located 39 miles to the north. Both provide regular flights to domestic and Europe destinations.

      Road : A66 and A1(M)


      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