Ayresome Gardens is a new-build PBSA (Purpose Built Student Accommodation) development comprising 72 independent studios for Students. Primely located in Middlesbrough, it is unique in that it provides picturesque views overlooking a public park and is just a 4-minute walk from Teesside University’s central campus and has local shops and amenities within just a 1-minute walk.
Starting
Price
£87,250
Expected
Yield
6.5%
Estimated Completion
July-August 2024
Total Number
of Units
72
Property Summary
Each studio has a view overlooking the park which provides for a calm and serene working environment for students during the day, evening, and night. The development has been designed to complement and enhance the local building architecture to compliment the immediate area which makes it an iconic student accommodation building, attracting the very best students.
Located in the heart of the town the studios will provide accommodation for students studying at Teesside University that has been climbing the University rankings over the last decade ranking in the 801-1000 band of global universities in the Times Higher Education World University Rankings 2021.
This has been achieved through innovation and significant financial investment of circa £300m its award-winning campus over recent years with an ambitious programme of investment planned up to 2027. It is also gearing up to commence a Medicine teaching faculty, which will set it apart and ahead of so many other UK Universities.
Middlesbrough is a thriving town in the north east of England and has been ranked joint third place in the Financial Times’ European Cities and Regions of the Future report, which ranks small cities with the best long-term investment potential. This recognition highlights Middlesbrough’s potential to attract foreign investment, and showcases the area’s ambition and regeneration opportunities.
Key Facts
Address:
Ayresome Gardens, Linthorpe Road, Middlesbrough, TS1 4LF
Unit Size:
Unit Options:
circa 247 sqft
Self-contained studios
Tenure:
Estimated Service
Charge:
250 year leasehold
£180
Furniture Pack:
Parking:
£2,500
None
Block Management:
Ground Rent:
n/a
£250 pa
Build Warranty:
10 years
Payment Plan
Reservation Fee:
£5,000
Payments:
25% on Exchange
Balance (75%) on completion
