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Land for sale

Crescent Road TS1 4QJ

POA

Property Description

Key features

  • A VERY RARE DEVELOPMENT SITE WITHIN MIDDLESBROUGHS CENTRAL TOWN CENTRE AREA - IDEALLY LOCATED FOR ACCESS TO THE UNIVERSITY OF TEESSIDE
  • FULL PLANNING PERMISSIONS AND BUILDING REGULATIONS PASSED
  • WITH THE UNIVERSITY OF TEESSIDE GOING FROM STRENGTH TO STRENGTH - AN IDEAL OPPORTUNITY TO GET INTO THE STUDENT LET MARKET
  • GREAT ASPECT FACING ON TO A PARK AREA, NESTELD CLOSE TO LINTHORPE ROAD, WHICH BOASTS EXTENSIVE NUMBERS OF BRAND NAME BUSINESSES / RESTAURANTS

Full description

** LAND FOR SALE, WITH FULL PLANNING PERMISSION IN PLACE ** A UNIQUE + HIGHLY LUCRATIVE STUDENT DEVELOPMENT LAND OPPORTUNITY / CREATION OF 72 - SELF CONTAINED STUDENT APARTMENT PODS / PLANNING PERMISSION PASSED / ALL RELEVANT QUOTATIONS + AGREEMENTS IN PLACE / HUGE RETURNS ON OFFER / DETAILS AVAILABLE ON REQUEST + FINANCIAL VERIFICATION OF POSITION TO PROCEED
A superb opportunity to take on a large scale development opportunity creating a large 72 apartment / student pod development within a Central Middlesbrough location, overlooking a well maintained park, within minutes of the University of Teesside and also the Town Centre shops, bars and amenities. Planning Permissions are passed, and all relvant quotations for construction / services are already in place. The current land owner will consider both a straight land sale, or a staged payment option. Details available on request.


Brief; 
A strip of land ideally located overlooking a park, set close to Linthorpe Road and within a matter of minutes walk from the University of Teesside. Planning has been passed for the creation of 72 self contained student pods, all with their own shower facilities and Kitchens etc which is a market which is increasing in demand however as of today is in very short supply. The development will offer secure living for students, which would be ideal for foreign students amongst others, which is a market that Teesside University is focusing heavily on, and has made statements that they are expecting up to 5,000 extra students in the next 3 years or so. This is heavily the oriental student market, and developments have been made within Middlesbrough by the University to reflect the confidence in this market. Rental levels have been predicted at the £125 per week level, which include all bills and utilities. The GDV of the development is £4,000,000 which is leaning towards the...

Proposition at hand; 
The land is being sold with two purchase options; Option 1). The first option is for a simple land purchase transaction, where a developer would purchase the land in the traditional way with full payment being made on completion of contracts. Option 2). A staged payment option, with a down payment on completion of contracts, and a further agreement in place for an additional payment when the roof is on the site, and then a final 'balance' payment on completion / or on sale of the units (finer to be discussed and agreed)

Listing History

Added on Rightmove:
13 June 2017

Nearest stations

  • Middlesbrough (1.0 mi)
  • Marton (2.3 mi)
  • Thornaby (2.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Eazymove Estate Agents, Middlesbrough

44 Borough Road Middlesbrough TS1 5DW

01642 268166 Local call rate

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Map & Street View

Nearest stations

  • Middlesbrough (1.0 mi)
  • Marton (2.3 mi)
  • Thornaby (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Eazymove Estate Agents, Middlesbrough

44 Borough Road Middlesbrough TS1 5DW

01642 268166 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7018492. 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 Eazymove Estate Agents, Middlesbrough. 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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