Borough Road, Middlesbrough, North Yorkshire, TS1
£160.55 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
29,585 sq ft
2,749 sq m
- SECTOR
Residential development for sale
- USE CLASSUse class orders: C1 Hotels, C2 Residential Institutions and C2A Secure Residential Institution
C1, C2, C2A
Key features
- High GDV
- Development opportunity
- Close To University
- In Shell Condition
Description
This Fantastic Ten Story Development opportunity is available to purchase, situated right in the heart of Middlesbrough Town Centre and only a stones throw away from the university campus which is home to in excess of 20,000 students.
There is huge scope to tap into the student market, this development benefits from having planning for 113 units across the ten floors, there is a part - 3 story section of this property which houses further opportunity to grow in the future.
The ground floor of the project consists of 7 studios alongside plans for a commercial unit which was once thought to of been a bar/coffee shop.
The floor footprint sizes are as follows.
Ground + First and Second - 4714.59 SqFt
Floors 3 - 9 - 2206 SqFt
Total - 29,585 SqFt Approx
Currently in an advanced stage of construction with all ground works ect done and the building fully erected ready for a developer to complete the site.
It is estimated the GDV of the property will be between 9 - 11.75 million.
A truly fantastic opportunity for a town that is undergoing huge investment such as the freeport.
All plans/drawings are availble to be shared with any interested party, please make contact.
There is scope and negotiations for the current owner to finish the site if a leasehold option was to be taken whereby one tenant rented the full property.
For Sale - £4,750,000
Borough Road, Middlesbrough, North Yorkshire, TS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.5 miles
- South Bank Station2.3 miles
- Marton Station2.4 miles
About Parker Barras, Teesside
The Qube Windward Way, Middlesbrough, TS2 1QG
Parker Barras are award-winning Commercial Property & Business Transfer Agents formed in 2007 and operating from state-of-the-art office premises, located in Teesside and covering the North East.
Our proactive approach enables the firm to act efficiently on the Sale and Letting of all types of Commercial Property, as well as acting as business transfer agents, helping you achieve the best outcome, when its comes to selling your business.
Parker Barras charge absolutely no upfront
Notes
Disclaimer - Property reference 208166037. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parker Barras, Teesside. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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