Plot for sale

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Plot for sale

Penistone Road, Middlesbrough
£475,000

Our Summary

  • A DEVELOPMENT SITE LOCATED IN THE EAST OF MIDDLESBROUGH WITH PLANNING PASSED FOR A TOTAL OF 18 SINGLE STOREY SEMI DETACHED BUNGALOWS (WITH A GIA OF 72 SQM) TO BE BUILT ON THE FORMER 'PARK END PUB' SITE WITHIN MIDDLESBROUGH' PARK END AREA OF THE TS3 POSTCODE

Description

The development site, formerly the "Park End Pub", is located in the Park End area of Middlesbrough, near Ladgate Lane, which provides access to Ormesby, Marton, and the A174/A19 roadlinks. The site has planning permission for 18 single-storey semi-detached bungalows, each with an open-plan living space, two bedrooms, and a bathroom. The bungalows will have gardens to both front and rear, as well as off-street parking. The development is expected to cater to the strong demand for bungalows in the area, where there is a relatively short supply. With a gross development value (GDV) of around £2,880,000, this development has significant potential for investors and developers.
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