Douglas Street site available for £2.5m in Middlesbrough
Close to Teesside University, the site has long been considered a natural fit for student living, but a development has yet to come to fruition.
Several projects have come forward for the plot since the school that formerly occupied the site was demolished, with the most recent proposal winning consent in 2016 for a five-storey development of 109 student apartments.
An underground car park and foundations are already in place to enable this development.
The plot sits close to the junction of Borough Road and Marton Road, and is described by agent Magnum Properties as “the last brownfield site in Middlesbrough”.
The 1.11-acre site is listed on Rightmove with an asking price of £2.5mm reflecting £51.70 per sq ft.
As outlined by Magnum’s listing, “this site offers a superb opportunity for an investor/developer to complete a project at one of the most prominent locations in Middlesbrough.
“The town centre is a matter of minutes away from the location, providing the end users with access to all the amenities offered by a large town. This includes the town’s newly refurbished train station, offering travel throughout the UK.”
The 2016 consent was secured by Glasgow design firm Threesixty Architects, working for Isle of Man-registered Snapco 2. The building as consented would have delivered 95 studio apartments and 14 five-bedroom cluster flats, delivering 165 bedspaces in all.
The 2016 scheme as envisaged by its promoter. Credit: planning documents
