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Lot 56 - FREEHOLD DETACHED INVESTMENT PROPERTY COMPRISING OF 30 EN-SUITE ROOMS FOR STUDENT HOUSING AND CURRENTLY ACHIEVING £139,263 P.A.

Drinkwater House, 210-212 Marton Road, Middlesbrough, Cleveland, TS4 2ET

Guide Price £1,000,000 Plus *
Thu Sep 11 2025
11:00am
To be auctioned in :
  • 12
    Days
  • 23
    Hours
  • 35
    Mins
  • 48
    Secs

Property Description

Situated on Marton Road (A172), in the Grove Hill/Longlands area, Drinkwater House occupies a prominent position on a major arterial route into Middlesbrough. The property is surrounded by local convenience stores, cafés, and restaurants; including nearby Geo Foods, Lek’s Thai, Adil's Pizzeria & Shawarma, and Legends Bar which is popular with students. The main campus of Teesside University is approximately a 10 minute walk (0.5 miles) away. Also within easy reach of Middlesbrough Coll

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Tenancy Schedule

PropertyAccommodationTenant/TradeTermRent p.a.
101Single en suiteEmpty0 weeks£0.00
102Single en suiteStudent40 weeks£3,900.00
103Single en suiteStudent50 weeks£4,875.00
104Single en suiteStudent50 weeks£4,560.00
105Single en suiteStudent48 weeks£5,712.00
106Double en suiteStudent48 weeks£5,712.00
107Double en suiteStudent52 weeks£6,188.00
108Single en suiteStudent50 weeks£4,750.00
201Single en suiteEmpty0 weeks£0.00
202Double en suiteStudent52 weeks£5,980.00
203Double en suiteStudent50 weeks£6,750
204Single en suiteEmpty0 weeks£0.00
205Single en suiteStudent48 weeks£4,680.00
206Single en suiteStudent48 weeks£4,800.00
207Single en suiteStudent48 weeks£4,680.00
208Double en suiteStudent48 weeks£6,000.00
209Single en suiteStudent50 weeks£4,750.00
210Single en suiteStudent52 weeks£4,940.00
211Single en suiteStudent50 weeks£4,750.00
212Double en suiteStudent50 weeks£5,950.00
213Single en suiteStudent50 weeks£4,750.00
214Single en suiteStudent50 weeks£5,750.00
301Single en suiteStudent50 weeks£4,875.00
302Single en suiteStudent50 weeks£4,875.00
303Double en suiteStudent52 weeks£6,188.00
304Single en suiteStudent50 weeks£4,750.00
305Single en suiteStudent50 weeks£4,875.00
306Single en suiteStudent48 weeks£4,560.00
307Single en suiteStudent50 weeks£4,750.00
308Double en suiteStudent50 weeks£5,750.00

Drinkwater House is a prominent and architecturally distinctive building, converted into high-quality student accommodation in 2013. Over the past decade, it has established itself as one of the most popular and consistently well-let student schemes in the region.

The development comprises 30 spacious, fully furnished en-suite rooms, each designed for comfort and practicality. Generous communal living and kitchen areas foster a sociable and supportive environment, ideal for student life.

Residents benefit from excellent internal amenities, including high-speed internet, secure access, and dedicated study areas.

With consistently high occupancy and strong student demand, Drinkwater House presents a compelling and proven opportunity within the student accommodation sector.

On 23rd January 2012, under reference M/FP/1186/11/P, Middlesbrough Council granted planning permission for:
"Change of use from offices to student accommodation, with external alterations"

Total internal floor area is approximately 646 square metres (6,953 square feet)

Auction Surveyor: Bryn Nettle
Contact: 07854 829415 bryn.nettle@strettons.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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Drinkwater House, 210-212 Marton Road, Middlesbrough, Cleveland, TS4 2ET

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