Harvey Alexander intended to open an antiques outlet at the old Yorkshire Bank building in Church Street, Hartlepool, by dividing it into units for individual dealers.

He also had plans for an art gallery and crafts section.

But the idea has fallen through, at least for now, after not enough potential tenants showed an interest to make the business a success.

Mr Alexander said: "I didn't find sufficient support from local dealers to make it a viable proposition, so I am thinking about what other things I can do with the premises.

"I might have another go. If I can get enough support I would go ahead but last time I contacted all the local dealers there wasn't enough interest to make it viable."

The antique dealer, who lives near Harrogate, North Yorkshire, bought the building after seeing it for sale in an auction catalogue and felt it could become a new town tourist attraction.

Mr Alexander had hoped to redevelop the interior of the building this spring and be open to the public by May.

Neighbouring businesses were disappointment the venture is not going ahead.

Brian Liddell, of Atkinson Print, in Lower Church Street, said: "I feel the initial concept of an antiques emporium was a great idea.

"It would have fitted very nicely into Church Street and would have provided a day time retail business.

"We do need as many daytime operators as we can get into the street. I am really disappointed he hasn't gained enough support but hope that he will try the idea again in the near future."

Last year Mr Alexander unsuccessfully appealed to Hartlepool Borough Council to give the building's side and rear streets a name.

A planning condition said deliveries had to take place at the rear but the streets had no names. However, the council said new street names were unnecessary.