This is an opportunity to acquire three interconnected freehold mid-terrace buildings that are currently in need of modernisation. The property has received planning approval for a significant transformation, allowing a change of use from a 27-bed care home to six residential apartments and eleven student accommodations. With full vacant possession granted, the potential for redevelopment is substantial. The location benefits from good public transport links and local amenities within the vibrant community of Norton and nearby Stockton-on-Tees. Given its generous gross internal area of approximately 607 square meters (6,533 square feet), there is considerable scope to create desirable living spaces that meet current market demands.
Features such as new roof lights, alterations to existing openings, external renovations, parking facilities, and bicycle stands have been outlined in the planning permission granted on 17 October 2023 under reference number 22/2109/COU. It’s important to note that the property may require careful assessment due to previous cultivation activities, with some remnants of ventilation equipment and missing floorboards present. This project promises strong investment potential in a growing area.
