Grange Road, Middlesbrough

This property presents an excellent opportunity for development, already secured with full planning permission for the creation of 18 student studios. Positioned strategically just a short five-minute walk from both Linthorpe Road and Borough Road, and in close proximity to the University of Teesside and the central shopping district, this location is ideally suited for catering to student needs. The proposed studio sizes will be competitive, potentially setting a high standard within the local student accommodation market. The anticipated gross income upon completion, assuming full occupancy, ranges approximately between £138,000 and £160,000 per annum, contingent upon design specifications. The projected gross development value (GDV) stands between £1.38 million and £1.6 million, indicating solid investment potential for future returns.