investors@ashbrookesgroup.co.uk +(44) 0191 739 8280
Ashbrookes full logo.
Enquire Now

Deltic House - Zetland Road, Middlesbrough, TS1 1EH

Deltic House.
deltic house new
Deltic House 2.
deltic house inside 1
deltic house inside 2
Deltic House.
deltic house new
Deltic House 2.
deltic house inside 1
deltic house inside 2

Key Facts

To be developed in partnership with Best Western Hotels

  • Located immediately in front of the entrance to the Middlebrough railway station, 10 minutes’ walk from the University and in the heart of the city centre.
  • Opportunity to convert to accommodation for students or utilise as serviced accommodation for contractors (discussion commenced with Best Western Group).
  • Current owner has already applied for planning to convert to residential – this will need re-applying as the scheme is not workable.
  • £170,000 awarded by Homes England to restore frontage.
  • Timeframe 12m.  Subject to planning.
  • Purchase price – £949,500
  • Development cost – £1,395,000
  • Total development cost - £2,344,500
  • GDV – £3,260,000
  • Development profit £915,500
  • Margin on GDV – 28%
  • Margin on GDC – 39%