Summary - GEORGE STEPHENSON HOUSE, ST MARK'S COURT TS17 6QP
167 bed 1 bath Office
Scale-rich riverside asset with prior approval for a 50‑unit residential scheme.
• Prior notification approval to convert to 50 residential apartments
• Large NIA: 39,430 sq ft across three storeys
• 167 off‑street car parking spaces (1:236 sq ft ratio)
• Located in established Teesdale Business Park, riverside nearby
• No flood risk; fast broadband available
• Area classified as deprived with very high crime levels
• Significant conversion and upgrade costs expected
• Tenure and council tax details unknown; verify before exchange
A substantial three-storey freehold office building in Teesdale Business Park, offered with prior notification approval to convert to 50 residential apartments. With a Net Internal Area of 39,430 sq ft and 167 car parking spaces, the site provides scale and immediate development potential for a large residential scheme.
The property sits in a well-established business park close to riverside amenities and major employers, which supports future lettings or sales. The asset benefits from no flood risk and fast broadband speeds. Existing physical attributes — modern brick construction, multiple floors and large floorplates — simplify adaptation to residential layouts.
Buyers should note material commercial considerations: the surrounding area is classified as deprived with very high recorded crime levels, which will affect pricing, management and lettability. The building will require full conversion works and associated statutory approvals beyond the prior notification; costs for demolition, fit-out, services upgrade and potential remediation are likely significant.
Tenure details and council tax banding are not provided and will need verification. There is an indicated high business rates liability for the existing office use; prospective purchasers must factor in conversion costs, ongoing security and management for a large-scale residential scheme. This opportunity suits an investor or developer with experience in urban conversions and asset repositioning.
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