A council-owned Grade II-listed building in Middlesbrough has been withdrawn from auction after attracting interest from potential buyers.
Exchange House, which had been listed with a guide price of £450,000, has been taken out of the auction process while Middlesbrough Council reviews its options.
The historic building has remained in council ownership since a decision was made in late 2022 to dispose of the site once the necessary information had been gathered.
Also included in the proposed sale is the 0.29-acre Wood Street car park, located behind Exchange House next to Middlesbrough railway station.
Although the property is still being advertised on an external auction website, the listing dates back to October 2025, where it was described as a “substantial freehold town centre redevelopment opportunity”.
The six-storey building, which includes a basement and offers around 49,014 square feet of accommodation, has been described as requiring “full renovation”.
Potential redevelopment options outlined in the listing include residential apartments throughout the building or a mixed-use scheme featuring commercial units on the ground floor with accommodation above, subject to planning permission.
A Middlesbrough Council spokesperson confirmed the authority had recently removed Exchange House from the auction process because of interest shown in the property. The spokesperson said the council is now reviewing its options.
Plans to sell the building were originally approved at an Executive meeting in December 2022 under the previous administration.
Council papers at the time said disposing of the property could generate a significant capital receipt, increase recurring revenue streams and bring the vacant building back into more beneficial use.
