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Ayresome Gardens, Linthorpe Road, Middlesbrough, TS1 4LF

Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens new.
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
ayresome_gardens_2.
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens new.
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
ayresome_gardens_2.
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF
Ayresome Gardens, Middlesbrough, TS1 4LF

Key Facts

72 bed new Purpose-Built Student Accommodation

  • Land – with option to buy being exercised
  • Planning is fully approved, and conditions discharged
  • *** READY TO COMMENCE BUILD ***
  • Land has been cleared
  • Turnkey Builder selected and professional services contractors all lined up
  • Timeframe 12 months
  • 8-minutes walk from the University Campus
  • Purchase price – £440,000
  • Development cost – £4,168,138
  • Total development cost - £4,608,138
  • Gross Rent per annum – £617,760
  • Rental Yield – 13.2%.
  • GDV – £6,177,600
  • Development profit - £1,569,462
  • Margin on GDV – 32%
  • Margin on GDC – 47%