Commercial · For sale

Centre North East, Middlesbrough – Freehold Multi-Let Office Investment

Albert Road, Middlesbrough, Middlesbrough, TS1 2RU

Offers over £4,800,000

Floor area

12075 sq m

Tenure

Freehold

Added

18 Oct 2026

About this property

Centre North East comprises a purpose built seventeen storey former office building with basement, ground and mezzanine floor accommodation given over to leisure and retail use. The building is of steel frame construction with concrete floors and composite panel and glazed cladding. There is a car park deck at second floor level, providing space for 43 cars, which separates the basement to first floors from the third to 17th floors and is accessed via the multi storey car park serving the adjacent shopping centre. The upper section of the building can therefore be self-contained, with an opportunity to dedicate the main lift core to these floors in isolation of the basement, ground and first floors. The first floor comprises a large podium floor of 1,323.86 sq m (14,250 sq ft) which is capable of subdivision to create smaller suites as required, following reinstatement of landlord's CAT A fit out. The third to 17th floors have been decommissioned and are un-refurbished, creating an opportunity to commence conversion works in line with the outline planning consent straight away.

Key points: - Delivering 1,500 new homes through new town centre neighbourhoods. - Delivering 4,000 new and high quality jobs. - Providing access to world class education opportunities. - Delivering new open space in the town centre. - Becoming a vibrant and exciting place for arts and culture. - Enabling contemporary and diverse retail and leisure experiences. - A landmark income producing development opportunity at the heart of Middlesbrough Town Centre, well located on Albert Road. - Mixed use building arranged over basement, ground and 17 upper floors, totalling 12,074 sq m (129,973 sq ft). - 8,946 sq m (96,297 sq ft) benefits from outline consent for residential conversion of the 3rd to 17th floors, with capacity for up to 238 residential units. - Basement and ground floors multi let to three established leisure occupiers, together with specialist retail on the mezzanine floor.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Gross Income: £180.6k pa
• Total Area: 130k sq ft
• Tenure: Freehold