Investors at the ready, as Parker Barras bring Middlesbrough’s Tallest Building to the market, with a price tag of just £6.5million.
The advert for the property reads…
Centrally located opposite Middlesbrough Town Hall, CNE is situated just 300m away from Teesside University’s state of the art campus. It is also just a stone’s throw away from the Central Library, Middlesbrough Institute of Modern Art and the surrounding Centre Square on Albert Road.
Permitted development rights have already been approved for the property for residential development of up to 540 studio apartments. The specifics of the completed development can vary depending on the number of apartments and sizes required. This is an excellent opportunity for investors to take on a property with heaps of flexibility and potential.
Investors will also play a key part in the Vision for Middlesbrough with CNE delivering another landmark addition and support the creation of a vibrant, attractive and successful urban centre. Major investment has already transformed the town into an area that investors can be confident in and the development of CNE will inevitably help further develop the area as a major hub for business, cultural, social and community life in Middlesbrough and the wider Tees Valley City Region.
…enquiries have already been received, with a number of investors coming forward expressing their interest in the building.
‘The potential return on a project this size is quite substantial and the plans we have heard will really bring the building back into public focus.’
We advise that anyone considering this investment gets in touch with us as soon as possible. This exciting investment is not likely to be on the market for long!