Offers in region of
£475,000
End terrace house for saleGrange Road, Middlesbrough TS1
- Freehold
Progression Property
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About this property
There has been initial discussions to potentially demolish the current structure and create a seven storey all residential accommodation building
Due to the high ceilings within there is the potential to lower floors to allow for another internal floor without altering the current exterior structure of the building
Located in the Middlesbrough Development Corporation (MDC) area - with funding available
Potential of 75 'smart room' apartments on completion of the the scheme - initial talks held in April 2024 were positive and the MDC are aware of the building and the proposed scheme
Each 'Smart Room' would have its own ensuite and kitchen facilities
Ground floor includes laundry rooms and a communal area
Current available floor space ; Ground 211.76 sq m (2,279 sq ft) First: 211.76 sq m (2,279 sq ft)
A prime town centre development opportunity which is located inside the 'middlesbrough development coprporation' zone. Positioned within A favourable spot for student accommodation due to its close access to linthorpe road and borough road, as well as being equally as conveniently positioned for middlesbrough' bus station, the A66 and A19 roadlinks and also middlesbrough' trainstation which is around ten to fifteen minutes walk away creating potential for any created residential accommodation to be occupied by professional tenants. The finished scheme would generate massive potential income in what is A very high demand sector. For anyone not wishing to undertake such large scale development the building offers potential to be retained as individual commercial / retail units or serviced office space which would benefit from their position on the edge of bustling captain cooks square (home to 'level X' and the bazaar restaraunt amongst other), the multi level 'captain cooks car park' etc however undoubtedly the proposed scheme at hand is by far the most lucrative route.
Current available floor space ; Ground 211.76 sq m (2,279 sq ft) First: 211.76 sq m (2,279 sq ft)
Ground Floor
Unit 1
Yielding approximately 33 sq m (355 sq ft) of floor space
Unit 2
Yielding approximately 59.75 sq m (644 sq ft) of floor space
Unit 3
Yielding approximately 73.59 sq m (792 sq ft) of floor space.
First Floor
Unit 4
Yielding approximately 211.76 sq m (2,279 sq ft) of floor space
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