Skip to main content

No longer on the market

This property is no longer on the market

2023-09-27  13-52-38 914a2830 247d 4f3c b437 8eebc
2023-09-27  13-52-39 4fafcb4e 5700 4243 88d4 abe8c
2023-09-27  13-52-40 4f00c9a0 2a7f 41e8 bea4 089fb
2023-09-27  13-52-40 d4b2164b cbaa 4e96 bc5e 73b26
2023-09-27  13-52-38 fb2affd7 512b 40d7 9ca0 fefe2
2023-09-27  13-52-36 0e647692 a6d3 4357 9b35 68fd9
38cc513d-6924-4410-9adf-679dfb9656e0 ongua jpg
829c45ff-38ac-4105-9572-b56675f16012 (1) n6pvu jpg
859813fc-ad8b-492f-9b35-b8163240976e zjzjy jpg
Img 6828 jpg
Img 6827 jpg
Img 6830 jpg
Img 6833 jpg
Img 6854 jpg
Goad jpg
Site plan jpg

Retail property (high street)

Auction
Retail property (high street)
Added > 14 days

Features and description

  • Freehold former Debenhams department store 
  • Approximately 8,161.10 sq m (87,845 sq ft)
  • Prominent town centre trading position
  • Suitable for a variety of alternative uses (subject to consents)
  • Guide price reflects a low capital value of £5.12 per sq ft
  • Vacant possession
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers
  • Block viewing on tuesday 17 th october between 10:00 11:00 am
  • Online Auction on Thursday, 19 October 2023

A substantial mid-terraced building of traditional construction beneath a part pitched and part flat roof. The building was formerly a Debenhams department store and is currently configured for multi-level retail sales. The building is arranged over lower ground, ground and four upper floors and totals approximately 8,161.10 sq m (87,845 sq ft). The building benefits from rear access via a rear service area, two passenger lifts and an escalator leading to the first and second floors.

There is currently an opening into the adjoining retail unit owned by Stockton Council that provided Debenhams with access from the Wellington Shopping Centre as well as a shared goods lift to the rear.

The building lends itself to a variety of alternative uses, subject to obtaining the necessary statutory consents. Such uses could include retail or leisure uses on the ground floor with the upper floors being suitable for conversion to residential, offices or hotel/serviced apartments. Prospective purchasers are advised to make their own enquiries of the local planning authority.


Location:

The market town of Stockton-on-Tees lies within County Durham about 10 miles east of Darlington and 21 miles south east of Durham. It can be accessed via the A66(M) and A19 with the former providing access to the A1(M) to the west. Stockton railway station provides regional rail services and Teesside International Airport lies about 8 miles to the south west. The town has recently benefitted from a £60m regeneration of the High Street, which is the widest in the UK. 

High Street is the main shopping thoroughfare in the town centre. The property commands a prominent position on the west side of High Street opposite its junction with Church Road and close to Wellington Square Shopping Centre with notable nearby occupiers including Costa Coffee, Specsavers, Boots Opticians, Iceland and JD Sports.


Online Auction on Thursday, 19 October 2023. For further information, such as legal documents and property information, please visit bidx1.com.
Visit agent website

About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
... Show more

See more properties like this

*Disclaimer and call rate information...