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56-62 Borough Road, Middlesbrough, TS1 2JH

Borough Road, Sept 2023
56-62 borough road
56-62 Borough Road internal, Middlesbrough
56-62 Borough Road bathroom, Middlesbrough
Borough Road, Sept 2023
56-62 borough road
56-62 Borough Road internal, Middlesbrough
56-62 Borough Road bathroom, Middlesbrough

Key Facts

Introducing 52-62 Borough Road, The project is a redevelopment of a prominent office building in central Middlesbrough into 25 self-contained student accommodation units.

  • The property comprises a three-storey building that has been extended to the rear and attic space to provide office accommodation and staff amenities across all floors.
  • Full planning approval was given February 2025.
  • The property was occupied by a local Solicitor’s firm, Freer Askew Bunting, for a number of years and benefits from off street parking to the front and rear.
  • The project has an excellent location being so close to Teesside University and has the demand for additional high quality Student accommodation in this area.
  • Timeframe: 12 months
  • Purchase price – £611,500
  • Development cost – £1,005,540
  • Total development cost - £1,617,040
  • GDV – £2.4m
  • Development profit - £500,000