Redcar and Cleveland Council has confirmed that it has completed the purchase of Guisborough Town Hall.
The completion of the £75,000 sale means that this building – the centrepiece of the town’s Market Place – is now back in the ownership of local people.
The Old Town Hall went under the hammer at Eddisons Chartered Surveyors in July, with a guide price of £75,000.
The three-storey building was previously used as offices and was owned by a pub company.
Cabinet Member for Economic Growth, Cllr Dale Quigley, said: “The Council will begin a programme on a range of discussions with interested parties on how the building should be utilised for the town and its residents.
“We need to make sure that these are a ‘no holds barred’ and diverse set of ideas. There are a variety of possible uses for this historic building, and they all need proper consideration.
“The immediate task is to make the building safe and secure, to begin to repair the damage inflicted by recent years of neglect and to make sure the building is once again the Queen of Guisborough’s Market Place.
“That work will start imminently.”
The grade 2 listed building was built on the site of a former toll booth in 1821, and had its second floor added in 1870.
The auction took place at Leeds United Football Club’s Elland Road ground.