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21 bedroom end of terrace house for sale
Grange Road, Middlesbrough TS1
£495,000
Grange Road, Middlesbrough TS1
£495,000
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 is a prime student accommodation development opportunity located in a highly desirable area of Middlesbrough, just a five-minute walk from the University of Teesside and the central shopping district. The proposed scheme consists of 21 student studios across four floors, including a basement level, with additional shared areas. The apartments will be competitively sized, exceeding the average size of most student accommodations in the area. With a gross income of £140,000-£190,000 per annum expected upon completion and 100% occupancy, the property has a potential gross development value of £1.4-£1.9 million. This is a fantastic opportunity for investors to capitalize on the growing demand for student accommodations in Middlesbrough.