Silver Street, Stockton-on-Tees, Durham, TS18 1SX

This commercial property presents an exciting investment opportunity in the heart of Stockton-on-Tees. Spanning approximately 4,000 sq ft, this previously functioning bank is now vacant and ripe for transformation. The building is located at a prominent corner on High Street and Silver Street, enhancing its visibility for potential redevelopment. A pending planning application aims to convert it into student accommodation, making it an appealing project for investors looking to tap into the growing demand for housing in the area. The internal spaces require a thorough refurbishment, allowing future owners to redesign the layout to fit their vision while complying with any necessary planning approvals. With two long leasehold interests and one freehold interest providing nearly 690 years unexpired on leases, this property offers solid long-term security for prospective buyers.