Summary - 15 15 Union Street, Middlesbrough, North Yorkshire, TS1 TS1 5PQ
1 bed 1 bath Land
### Key Features:
- **Development Potential**: Planning permission obtained for 5 commercial units and 54 student studios.
- **Prime Location**: Walking distance to Teesside University, making it ideal for student accommodation.
- **Growing Demand**: Situated in an area with a substantial shortage of student housing.
- **New Housing Initiatives**: Nearby developments aim to create a student-friendly environment.
- **Accessibility**: Excellent mobile signal and fast broadband speeds.
- **Local Amenities**: Wide range of amenities within a short distance, including grocery stores, restaurants, and public transport.
### Summary:
Discover a remarkable development opportunity on Union Street, Middlesbrough. This strategically located plot has received planning permission for an ambitious project comprising 54 student studios across four storeys and five commercial units on the ground floor. Just a stone's throw from Teesside University, the site benefits from a significant demand for student housing, fueled by an influx of over 20,000 students in the area amidst a pressing shortage of accommodation.
The neighborhood is evolving, with new housing developments underway to create a vibrant student village atmosphere. This property not only presents the potential for lucrative returns but also offers a thriving community setting with ample local amenities, including supermarkets, eateries, and transport links just a short walk away.
While the investment of £1,300,000 may seem substantial, the future rental prospects in this growing market make it a unique opportunity for savvy investors or developers looking to capitalize on this upward trend. Don’t miss out on becoming part of the new face of Middlesbrough’s housing landscape!
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