land & development in TS18

Dovecot Street, Stockton-on-Tees, County Durham, TS18 1LJ

Starting Bid
£95,000
Current Bid £70,000
4 Bids
Time left:
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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Cleared Land Site
  • Freehold Title
  • Outline Planning Permission
  • Site Area: 0.0613 acres

land & development in TS18

ONLINE AUCTION - terms and conditions apply.

Rare to the market this cleared land site located within close proximity to Stockton high street on the ever popular Dovecot street.
The site benefits from having planning for a retail unit with 36 student flats above, however with the redevelopment of the high street any project would be welcomed subject to planning.

Summary

  • Property Type: Land & Development
  • Tenure: Freehold
  • Parking: Allocated

Location

The subject property is well located along Dovecot Street, Stockton. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 24.5 miles from Durham city centre via A1.

Site Details

The plot measures approximately 0.0613 acres (248.1 sqm) with a perimeter of roughly 74.1 m.

Planning Permission

Outline planning has been granted for the erection of demolition of existing building and erection of 1 no. retail unit with 36 no. student flats above, subject to a section 106 agreement. 06/3578/FUL.

Tenure

Freehold. Title number CE142280

Stockton Redevelopment

The Castlegate Shopping Centre and Swallow Hotel are set to be demolished as part of bold plans to tackle Stockton’s empty shops and open up the town to the river.

Stockton-on-Tees Borough Council bought the buildings in September before seeking public views on a “once in a generation” opportunity to change the town.

Plans are now being drawn-up after the consultation, which attracted around 1,000 responses, revealed strong public support for putting the site to a different use.

“We had a massive response to our consultation on the next steps for Stockton town centre and I’d like to thank everybody who shared their views,” said Councillor Nigel Cooke, the Council’s Cabinet Member for Regeneration and Housing.

“It’s obvious people care very deeply about the town.”

What is being proposed?

Under the plans, Castlegate and the Swallow Hotel – which occupy a site around three times the size of Trafalgar Square – will make way for a riverside park and offices.

The riverside park will feature public artwork and pleasant green spaces for families to enjoy.

A “land bridge” structure will enable the park to span a section of Riverside Road, providing uninterrupted access to the waterfront.

The Council is also proposing to build a new central library, customer service centre and council office on the site, kick-starting its regeneration and saving money as part of plans to consolidate its 10 existing council offices into two.

The town’s main retail offer will be focussed on Wellington Square, the 700-year-old market, and other parts of the High Street and town centre, such as Silver Street.

The feasibility of covering Wellington Square – which the Council bought in May last year – to protect shoppers from the elements will also be progressed.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply. We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% subject to a minimum of £2,400 which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.4% inc VAT to a minimum of £2,400 inc VAT.  This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
Up to £50,000 - £250 minimum bid 
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
£250,001 to £1 million - £2,000 minimum bid 
£1 million+ -  £2,500 minimum bid 

Please note this bidding process applies specifically to online auctions. 

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