REF: 208166037

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For Sale

Development Opportunity, 113 Studio Apartments, Middlesbrough, TS1

Key Features

  • High GDV
  • Development opportunity
  • Close To University
  • In Shell Condition

Specifications

Invest and Develop, Retail

29585 sqft

4750000

Description

Harrison House – 113 Borough Road Middlesbrough

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