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18 bedroom terraced house for sale
Grange Road, Middlesbrough TS1
£450,000
Grange Road, Middlesbrough TS1
£450,000
Our Summary
- PLANNING PERMISSION IS FULLY PASSED ON THIS PRIME STUDENT ACCOMMODATION DEVELOPMENT OPPORTUNITY WHICH IS LOCATED IN A PRIME POSITION CLOSE TO BOTH LINTHORPE ROAD AND BOROUGH ROAD, WITH THE UNIVERSTY OF TEESSIDE A MATTER OF FIVE MINUTES WALK AWAY AS IS THE CENTRAL SHOPPING DISTRICT
- Massive potential to capitalise on the strong 'Student Let Market' by creating potentially flagship accommodation
- THERE IS IN EXCESS OF £50,000 OF 'NUTRIENT CREDITS' INCLUDED IN THE ASKING PRICE, NOT ONLY SAVING A DEVELOPER MONEY BUT ALSO TIME
- There is in excess of £50,000 of 'nutrient credits' included in the asking price, not only saving A developer money but also time
Description
This prime student accommodation development opportunity in Middlesbrough has received full planning permission for the creation of 18 studios, located just a five-minute walk from the University of Teesside and the central shopping district. The apartments will range in size, but will be competitively priced to exceed the majority of student accommodation in the area. With an expected gross income of £138,000-£160,000 per annum at 100% occupancy, the property is expected to achieve a gross development value of £1.38M-£1.6M. The location is ideal, with proximity to the university and town center, making it an attractive investment opportunity for student accommodation.