Summary - 46 46 46 46 Grange Road, Middlesbrough TS1 5AU
39 bed 39 bath End of Terrace
**Standout Features:**
- Planning approved for 39 student studios, possible reconfiguration for more units.
- Spacious total area of approximately 14,316 sq ft, divided into four floors.
- Close proximity to Teesside University and vibrant local amenities, fostering high demand for student accommodation.
- Inclusion of £100,000 in nutrient credits, enabling immediate start on construction.
- Potential gross income of £300-350,000 per annum upon completion and full occupancy.
- Modern communal amenities planned, including laundry, bike storage, games room, and quiet study areas.
**Concerns:**
- Property is in need of renovation.
- Located in an area classified as 'very deprived', which may require additional consideration for neighborhood dynamics.
- Broadband speeds reported as very slow.
This extensive development opportunity in the heart of Middlesbrough is designed to address the growing demand for quality student accommodation. Envision the luxury of creating a flagship residence just a five-minute walk from Teesside University, offering 39 well-appointed studios with communal spaces tailored for both social engagement and focused study. The striking Victorian façade assures a unique character that blends historic charm with modern utility. With generous incentives for redevelopment and a bustling environment filled with retail and recreational options, this investment is ripe for visionary developers looking to capitalize on Middlesbrough's regeneration trends.
While the property necessitates renovation, the potential gross income supports solid returns for those willing to invest the effort. Given its prime location and the ongoing transformation of the area, interested parties should act swiftly to seize this rare opportunity in a rapidly evolving market.
Residential development for sale in Grange Road, Middlesbrough, TS1 — £895,000 • 39 bed • 39 bath • 14316 ft²
End of terrace house for sale in Grange Road, Middlesbrough, TS1 — £475,000 • 1 bed • 1 bath • 4578 ft²
Residential development for sale in Grange Road, Middlesbrough, TS1 — £475,000 • 1 bed • 1 bath • 4558 ft²
Commercial property for sale in Union Street, Middlesbrough, TS1 — £1,000,000 • 1 bed • 1 bath
5 bedroom terraced house for sale in Borough Road, Middlesbrough, North Yorkshire, TS1 — £290,000 • 5 bed • 2 bath • 410 ft²
Land for sale in Union Street, Middlesbrough, North Yorkshire, TS1 — £1,300,000 • 1 bed • 1 bath
