Plot for sale
Linthorpe Road, Middlesbrough
POA
Property Description
Key features
- DEVELOPMENT
- LAND FOR SALE
- PLANNING CONSENT IN PLACE
- POTENTIAL STUDENT ACCOMMODATION
Full description
Land Adjacent to 234 Linthorpe Road, Middlesbrough TS1 3QP
This is a unique development opportunity for investors interested in a mixed use development right on the doorstep of Teesside University and on Linthorpe Road. The site has no building on it and has been granted full planning approvals a new 8 storey high purpose-built student accommodation of 89 individual studios plus a commercial/retail space on the ground floor.
The current owners are open to selling the sight outright or undertaking a joint venture with prospective partners interested in developing, letting and holding the site for the purpose of income generation over the long term.
The owners development calculations have generated an estimated £520k pa Gross rental income and has a potential gross development value circa £5.8m (this would need to be validated through the buyers’ own due diligence). Further information is available to serious buyers or developers.
More information from this agent
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Nearest stations
- Middlesbrough (0.7 mi)
- Marton (2.4 mi)
- Thornaby (2.6 mi)
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Schools
There are no nearby secondary schools found.
Nearby Schools:
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Market Info
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