18 Bed Terraced House For Sale

PLANNING PERMISSION IS FULLY PASSED ON THIS PRIME STUDENT ACCOMMODATION DEVELOPMENT OPPORTUNITY WHICH IS LOCATED IN A PRIME POSITION CLOSE TO BOTH LINTHORPE ROAD AND BOROUGH ROAD, WITH THE UNIVERSTY OF TEESSIDE A MATTER OF FIVE MINUTES WALK AWAY AS IS THE CENTRAL SHOPPING DISTRICT. THE SCHEME AT HAND IS FOR THE CREATION OF 18 STUDENT STUDIOS. THE SIZE OF THE APARTMENTS RANGE IN SIZE HOWEVER WILL BE COMPETITIVELY PLACED TO BE COMPETING WITH OR EXCEEDING THE SIZE OF THE VAST MAJORITY OF STUDENT ACCOMMODATION IN MIDDLESBROUGH. EXPECTED GROSS INCOME ON COMPLETION OF THE SCHEME AND RESULTING 100% OCCUPANCY IS CIRCA £138,000 - 160,000 PER ANNUM DEPENDING ON SPECIFICATION ETC (STUDENT APARTMENT / STUDIO COMPARABLES AVAILABLE TO SUBSTANTIATE THIS LEVEL OF RENTAL INCOME). AN EXPECTED G.D.V. BASED ON THE INCOME OF IN THE REGION OF £1.38M - £1.6M. FURTHER INFORMATION IS AVAILABLE ON REQUEST.