Prime Town Centre Redevelopment

  • O.I.R.O £6,500,000
Centre North East, 73-75 Albert Rd, Middlesbrough TS1 2RU, UK
For Sale For Sale
Centre North East, 73-75 Albert Rd, Middlesbrough TS1 2RU, UK
  • O.I.R.O £6,500,000

Description

Centre North East is Middlesbrough’s most iconic building, offering 180,000 sqft of commercial or residential space in the heart of the town ready for redevelopment. MUST READ

A unique opportunity to purchase and redevelop Centre North East, one of the most iconic buildings in Middlesbrough.

The Ground Floor, Basement and Mezzanine floor is already occupied by a number of Retail and Hospitality Tenants (providing an established yearly income), with the upper 17 floors ready for redevelopment.

Permitted development rights for the property have already been approved, for Residential Development UP TO 540 studio apartments. The layout and specifics of the completed development can vary dependant on the number of apartments and sizes required.

The existing building has been fully cleared out from floors 1 to 17, so redevelopment can commence immediately.

**Site Location:

Centrally located opposite Middlesbrough Town Hall, CNE is situated just 300m away from Teesside University’s state of the art campus. The site’s location forms a natural extension to the existing campus layout, providing strong links to the University’s facilities.

The site is also a short walk from the Central Library, Middlesbrough Institute of Modern Art and the surrounding Centre Square on Albert Road. The site is highly accessible to the A66, Middlesbrough Train station and Middlesbrough Bus and Coach Station.

The main shopping centres along Newport Road, Wilson Street and Grange Street are also within walking distance from the site, including 2 major supermarkets.

**Part of the Vision for Middlesbrough

Middlesbrough is the sub-regional centre for shopping and education and acts as a major hub for business, cultural, social and community life in Middlesbrough and the wider Tees Valley City Region.

Major investments have transformed the town and helped to create investment confidence in Middlesbrough. Recent development has helped to bring the centre to life introducing a range of iconic buildings, active uses and urban success stories through:

  • The expanding education sector of Teesside University and Middlesbrough College
  • The creation of a centre of excellence in digital media and technology (Boho)
  • Leading the way in Arts and Culture through Middlesbrough Institute of Modern Art (mima)
  • Recent and proposed developments within the retail core

CNE, Middlesbrough’s Tallest Tower, will deliver another landmark addition and support the creation of a vibrant, attractive and successful urban centre.

Map / Streetview

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  • Address Centre North East, Albert Road, Middlesbrough.
  • City Middlesbrough
  • State/county Teesside
  • Zip/Postal Code TS2 1RU
  • Country UK

Overview

Property ID: PBE-6357

Contact Information

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