Silver Street, Stockton-on-Tees, Durham, TS18

For sale via auction - fees, terms and conditions apply.

Commercial Development Opportunity – Stockton-on-Tees Town Centre

A rare opportunity to acquire a substantial vacant commercial building extending to approximately 4,000 sq ft, prominently positioned on the corner of High Street and Silver Street, Stockton-on-Tees.

Formerly occupied as a bank, the property comprises a single, unbroken building and benefits from a pending planning application for conversion to student accommodation, presenting an attractive redevelopment opportunity.

The ownership structure comprises:

Two long leasehold interests (virtual freehold) with approximately 690 years unexpired.
One freehold interest.

The property requires a comprehensive internal refurbishment, offering purchasers the opportunity to reconfigure and redevelop the accommodation to suit their intended use, subject to the outcome of the planning application and any further consents required.

Key Features:
Prominent town centre location.
Approx. 4,000 sq ft.
Former bank premises.
Pending planning application for student accommodation.
Single, unbroken building.
Two virtual freehold long leasehold interests (c.690 years unexpired) and one freehold interest.
Full internal refurbishment required.
Excellent redevelopment and investment potential.

Please note we have not inspected this property.

Location

Prominent town centre location.

Accommodation

Approx. 4,000 sq ft.
Former bank premises.
Single, unbroken building.

Tenure

Freehold and leasehold, title numbers CE175659, TES14672 and CE63578

Rateable Value

Current rateable value (1 April 2026 to present)
£10,500

This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Sourced from VOA.

EPC

Rating C

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.