Hotel/guest house for sale in Borough Road, Middlesbrough TS1
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Property features
- High gdv
- Development opportunity
- Close To University
- In Shell Condition
Property 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
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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